Today, we’re officially in a recession. This was caused by the nation getting in to too much debt and the government’s solution to this problem is to get us in even more debt.
The government says that the cost of doing nothing is worse than than the cost of the bailouts to the banking industry, yet they are reluctant to make those costs transparent. We think the public have a right to know the truth about the sheer size and extent of these bail outs, and that there should be a debate on the merit of pursuing them.
Economics is often referred to as the dismal science, so we’ve tried to make it a bit more entertaining with our new Bail Out Brown site. The site aims to keep track of the nature and scale of the government’s bail outs, whilst having a bit of fun along the way!