12million taxpayers with a 300 billion loan, page-31

Matey you need to take a wider view of things.

The government has gone into debt to prevent unemployment from rising through the roof. Have you thought of calculating out the economic cost of rising unemployment and trying to equate that with the debt level.

If we had, for example, an unemployment rate of 25 % (like Spain has) we would have over three million unemployed. With average wages at around $50,000 the cost in wages alone would be $150,000,000,000 (per annum). You can put profits on top of his figure.

Those who argue against government going into debt, quoting interest costs and referring to future generations etc, need to, in my view, read up a little on economic theory and history and rely less on their ideological slants when trying to convince others as to what should be.