After borrowing surge, Sunak to announce more spending

..Britain is spending money it doesn't have like a man with no arms...We are borrowing more - that's what 40 years of so called hayek economics/moneterism/reaganomics/thatcherism/coming off the gold standard does for you - debt to gdp at crazy levels, no one dare mention debt to govt income % (ie ability to service it - which is all that ever happens cause it never get's repaid - just serviced and rolled over.) - We have entered the U.s's la la land economics phase now - just borrow borrow borrow and borrow some more and one day at the first sign of a western nation having a sovereign debt default (other than Greece) have a big re-set conference and this time instead of lending them more money to pay their debts (doh!) re the so called 'Greek solution' - let's all agree to lop a zero off everyone's balance sheets - it's coming you just know it.

No system is perfect and our current system will one day collapse like every system before us. I find that most people complain about it but no one has the solution. Gold standard will never work over a long period of time, its very limiting. The gov would need to make constant choices of how much gold can they use for manufacturing vs put in vault to make more gold backed money. I could go on and on, but there is a fundamental reason why all money is debt ,and no one has figured out another way.

I agree