[albionin]

That is exactly what we in this country are headed for. Spending MUST be cut but it won’t be because everybody is protecting their own rice bowl. Once you accept the principle that it is moral to live off of the productions of others it is only a matter of time and the perseverance of those being looted to keep on producing. Just think if we keep on going on like we have for the next 4 years the deficit will be 20-21 billion.

[Republican Wildcat]

Rocketing debt service costs alone will eat up almost half the extra savings, rising by €9bn to €36bn next

Even cutting can't help if you have this there to swallow up the savings you get. Trying to balance the budget can't help you if the existing debt compounds to swallow up the savings from cuts to normal spending. It is spiraling out of control.

[SpaceBar]

That is exactly what we in this country are headed for.

You read my mind. Spain is in the proverbial "hole too deep to climb out of", and precisely what comrade zero has done to us.

[monocle]

In good times as well as in bad times we as a nation have been eating our seed corn.

[txrefugee]

20-21 billion dollars of debt would be heaven, but we all know you meant “trillion” numbers we can’t even imagine and that our grandchildren will curse us for.