Anytime there is a deficit of more than 3% of GDP, a general election is triggers and all sitting members of parliament are ineligible for re-election.
Anytime there is a deficit of more than 3% of GDP, a general election is triggers and all sitting members of parliament are ineligible for re-election.
I don't see this as the most pressing issue right now, mainly because I don't agree with the system on which leverage and budget deficits are built. The more important question is why our Governments have to loan money from Private Banks, and even more importantly, how those Private Banks have enough capital (or legal protection) to issue that wealth to entire Governments. Shouldn't we always trace the problem back to its root? To whom do we owe the Budget Deficit?
I don't see this as the most pressing issue right now, mainly because I don't agree with the system on which leverage and budget deficits are built. The more important question is why our Governments have to loan money from Private Banks, and even more importantly, how those Private Banks have enough capital (or legal protection) to issue that wealth to entire Governments. Shouldn't we always trace the problem back to its root? To whom do we owe the Budget Deficit?
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