Buy now, pay later is done...later is NOW! (debt, borrowing, government)

[k374]

Good article from the telegraph:

"Western societies have been succumbing to a psychology which decrees that tomorrow doesn't matter, at least until it arrives… An excessively relaxed attitude to debt is the real problem, applying pretty equally to governments, businesses and individuals… Borrowing means over-consuming now at the expense of under-consuming later. Welcome to 'later'."


Budget 2010: The days of spend now and pay back later are over. Later is now - Telegraph

[killer2021]

oh its going to get much worse.