RIGHT THAT'S IT. THE GLOVES ARE OFF! FROM NOW ON, I'M JUST GOING TO SAY WHAT I THINK!
Showing posts with label OVERDRAFT. Show all posts
Showing posts with label OVERDRAFT. Show all posts
Saturday, 22 May 2010
LET'S GET THIS 'DEFICIT' QUESTION INTO PROPORTION
With full respect to the post below, I saw this and suddenly woke up.
Let me run this imaginary scenario past you.
My wife and I both have good jobs, but we spend money like fuck! In fact in overdraft at the bank and in credit cards we are £1,300,000 overdrawn. Ridiculous I know, but stick with me. Now although as high fliers we earn £50,000 per month, we are actually spending £13,000 per month more than we are earning. That means that we will be £156,000 MORE OVERDRAWN at the end of the year.
Now the bank we deal with is starting to get a little concerned at our financial situation. HOWEVER WE HAVE A PLAN! My wife is going to stop buying DESIGNER SHOES this year and that will save £6,000, so we'll only have a DEFICIT THIS YEAR OF £150,000 to add to our existing overdraft of £1.3m, meaning we will owe £1,450,000 at the end of the year. The Bank have accepted our plan and although my wife wanted to wait until next year to stop buying shoes and implement it, she's accepted that we need to do it now.
AND THAT LADIES AND GENTLE PERSONS IS THE STATE OF THE UNITED KINGDOM TODAY AFTER 13 YEARS OF THAT USELESS BASTARD BROWN AND HIS CRONIES!
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