Monday 28 September 2009

Student loans, tomorrow's money

Being of a certain age I’m into saving. Saving is where you still have money now that you earned in the past. As everyone’s aware HP and credit allows one to spend money now that one will earn in the future, if one isn't unemployed, made redundant, injured, depressed or otherwise retired. I’m thinking this use of ‘future money’ is catching on. Take student loans. The government would have to spend mills on the 20% unemployed youth but no. Get them to spend their own future money to upkeep themselves in further education, thus supporting the alcohol industry, landlords, the construction industry (to build unis) and lecturers. Bingo, savings and a massive cash injection into our current economy to boot. What a wheeze, and they’re too young to realise. And the recent economic collapse. Our future money is being used to fund current capitalism. So what other wheezes are available? You want to live in a free society? So take out a ‘Citizens Security Loan’ to pay for your anti-terrorism and policing needs that you can pay back, interest free, out of your future earnings over the next ten years. Ditto NHS, infrastructure projects, primary and secondary education. Forget public private partnerships; fund all current spending by introducing loans on everyone’s future income. It’s a good job nobody reads this blog!

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