Jesus Christ. The scaremongering in the usual suspects regarding the release of yet more figures on the [don't look at it! It burns!] NATIONAL DEBT has reached cataclysmic levels, with the both the Mail and the Telegraph leaping to attention with their pre-written 'the end is nigh' articles prepared in 2007.
It's worth mentioning at this point that this is not 'news' in any sense of the word. These stories are simply the result of one member of the public actually bothering to do the maths that none of the journalists could see the point of the first time round. In fact, these so-called 'findings' are just lifted from the man's website: debtbombshell.com. The journalistic equivalent of 'oh look! A funny cat video from teh Internets!'
The Times opted to run with the same story, opting for the more dramatic 'Interest at £7000 a second' spin, but I have to say I was pretty dumbfounded to see the choice of advert shoehorned between paragraphs to drive revenue for one of their latest business ideas:
Click to enlarge
Because, I guess gambling your way out of your own personal debt could work. And it stands to reason that since it hasn't worked for anyone yet, the chances are better than ever.
Great, we're Europe's wannabe Lotto louts.