www.iva.co.uk

I just heard on Radio 4 phone in programme, the government is short of money by 90 billion a year.Basically a 90 billion Overdraft exist in some form.

From an individual level, £9,000 short a year,leading to CC spending and interest will do damage in the long run leading to a voluntary agreement with creditors in the long run.

I turn my head in disbelive how we have been plunged into this shortfall, who does the Income and Expenditure for the government.How can it be allowed to grow unsustainable like this as in individuals, but this is government we are talking about?? Money don't just get spent by one person does it??

Even when we come out of the IVA, we'll be in the dark shadow of this!

Its scary, heres another fact - interest alone on Government debt growes by just over £5,000 every second.

At international level it isn't real money, quantitative easing and all that.

Remember that the most indebted country in the world is also the richest. The USA.

I read a blog that suggested giving everyone over 50 a million pounds to boost the economy. That would ease my family quantitatively!

That would certianly put and end to all my problems!

quantative easing, isn't that why interest rates are so low at the moment? One of my clients tried to explain it to me but I didn't really understand.

Low interest rates now to compensate for higher ones in the future and virtual money being paid into the banks....I'm still none the wiser so an explaination is very welcome johnnybriggs xxx

That would be a result JB - Dave is over 50 so I wouldn't have to work again once he got his million!

and if they wait two years that'll do for me x

We'd be quids in as we're both over 50!