Wednesday, 27 June 2018
-----is to take the total amount we spend and divide it by the number of people in the country. It is a very simple and common-sense calculation - how much we spend divided by the number of people in the country per head or per capita, whatever term one wants to use. The same thing applies to debt. When we take our national debt and divide it by the number of people in the country we have one of the highest national debts per capitain the western world. That is a real risk and we need to be wise to it. We should not be dismissive of it.