Tag Archives: Debt

Flashback to 2011 when British politician Godfrey Bloom slammed “ridiculous, ineffective, ignorant politicians” who send their countries broke by spending more money than they have: “I’ve put a little bit of modest money away so I can hand something down to my family when I pass on.” Bloom said. “Largely because I’ve never spent more money than I’ve earned, and I’ve been prudent, and I’ve worked moderately hard. “Now, it always seems to me to be a complete surprise to politicians how countries get in debt. Let me explain because I don’t think you really understand it: It’s because politicians…

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