Op-ed: Social media is sharing $19,793,697,162,303.82 (-) #national debt Friday with regard to the USA
The response is mixed including positive spin such as:
"@NationalDebt More debt is better
Govt deficit = our surplus
Govt debt = our savings
Shrink the debt: depression"
But what about UK national debt?
In 2010 a Lib Dem Tory coalition government was formed.
One bright spark in the former Labour government jokingly left a letter in the Treasury.
"On leaving his position as Chief Secretary to the Treasury following the change of British government in May 2010, Byrne left a "humorous" note to his successor David Laws saying "Dear Chief Secretary, I'm afraid there is no money. Kind regards – and good luck!"
The man in question Liam Byrne has lived to regret that move.
In May 2015 two days after the Tories won a General Election outright Liam Byrne tried to explain the reasons behind that note.
But it was not a unique note.
In 1965 Tory Chancellor Reginald Maudling left a note for his successor Jim Callaghan which said "good luck old cock, sorry to leave it in a mess."
The difference was in 2010 Lib Dem David Laws found the note and handed it to Chancellor George Osborne.
Osborne and his sidekick Prime Minister David Cameron used the note at each and every opportunity to undermine Labour, reinforce their own position and detract from the coalition's shortcomings.
Cameron kept that note and pulled it out, like a rabbit out of a hat, opportunistically.
And it was successfully drip-fed into the minds of voters helped along by me
Job done. Labour were categorised as untrustworthy when it comes to fiscal matters in the UK.
But after six years of Tory led government Friday "The UK national debt grows at a rate of £5,170 per second!" It was £1,775,753,069, 242."
Cameron and Osborne promised to "fix the roof while the sun was shining" but we must have had six rainy years.
All promises regarding the economy are off.
Key promises to balance the books are shelved.
Cameron quit and ran following BRexit, unelected PM Theresa May was shuffled in to replace Cameron at least for now and Chancellor George Osborne was sacked.
If you still trust the Tories, why?