Recession or the new norm???

[gensetsteve]

I knew it was comming thats why I doubled my mortgage payments for ten years while rates were low. As soon as a 1 bed flat round here passed 80k I knew we were in trouble they are still about 120k how is a young first time buyer going to afford that.

[TimberCutterDartmoor]

Oh please don't get me wrong, I believe the cuts are vital!!!!

 

Its a bit like a surgeon removing your leg in an emergency without anaesthetic, the leg has gangrene and if not removed will kill you, but it hurts like hell just now!!!!!!!!!!!

 

As you say Labour were bonkers!! Mr Brown and his claim to have done away with "boom and bust" how deluded, we were in the middle of the biggest boom the world has ever seen:001_rolleyes:

 

And how they thought growing the public sector could help I really don't understand , thats like me finding my wage is not enough to cover our house hold budget, so I decide to employ my daughter so her wage will help pay the bills............................OH BUT where is her wage going to come from?????????????????????

 

What really annoys me is that the powers that be want us to think this situation was out of their control and very complex, when in reality its very simple, we spent what we did not have and those near the top got very rich along the way, so are not affected by the hole we are know in.

 

Again, bang on the money.