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   Katie Fenn (katiefenn@front-end.social)'s status on Wednesday, 23-Sep-2026 23:26:32 JST Katie Fenn

   in reply to

   The financial industry recklessly gambled their way to ruin and accrued staggering amounts of debt. However, the UK public kind of need banks, so the country agreed to take on that debt to bail the banks out.

   They told us “that’s yours now”, and are now making demands about how much debt we are allowed to have? Excuse me?

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     Katie Fenn (katiefenn@front-end.social)'s status on Wednesday, 23-Sep-2026 23:26:33 JST Katie Fenn

     What’s really annoying about being lectured about the UK’s debt-to-GDP is that the bulk of what we, as a country, owe was accumulated during the global financial crisis when we bailed out banks.

     UK citizens are being told that “our” debt is too high, and “we” need to pay off that debt through austerity and public service cuts. So please remind me: whose debt is it, exactly?

     Mr. Bill repeated this.