14 November 2005
Reckless spending rises in Britain
Yet another Little Nell moment has come to our notice. People who cannot pay their debts, and the average debt is some £60,000, are people who "assume that because lenders are prepared to offer them the credit they must be able to repay it. They don't stop to think. It is irresponsible borrowing, not irresponsible lending," according to one recently conducted study. So in simple English they are knobs - it's nice to have that one cleared up.
Not only are they knobs, but they are the type of knob who thought that they could finance the lifestyle they aspired to with credit. They, more than any other group, are the ones responsible for Thatcher and Blair and I do not have any sympathy with them whatsoever. Reproletarianisation is a nasty business for the people concerned, but good sport for the rest of us.