14 September 2010

Doom-o-graphics


Bank of International Settlements graph showing how UK public debt as a percentage of GDP is going to change over the next thirty years, assuming we stick with current policies. The red line is the baseline scenario, the green line shows what would happen with a small gradual adjustment (a fiscal consolidation of 1% of GDP each year from 2012), and the blue line shows what would happen with a small gradual adjustment in which age-related spending was held constant (as a percentage of GDP).

Sorry, but this is the same as the climate catastrophists' projections. One of the stupidest of all clichés is that "things can't go on like this". If they can't, they won't.

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