Tons of the usual dubiously motivated financial pundits and their uninquisitive media friends on radio and TV at the moment, all telling us how the next government needs to be more transparent about how to close the massive budget deficit. Obviously by cutting our public services, pensions etc.
However reducing this to a personal finance level, as the experts and their intellectual vassals like to do, then I'd like to see some transparency about the deficit itself. Surely if it was your own money then you'd like to know who you owe what to before going onto a diet of bread and water in order to pay it back?
Let's have a proper breakdown of exactly who we owe the money to, what interest we're actually paying on it, and especially if Fractional Reserve Banking may be involved, where did the lenders get it from?
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