Question http://hansard.millbanksystems.com/commons/1988/jul/28/overseas-aid-and-development in the House of Commons (28 July 1988).
1980s
“My hon. Friend must be aware of the words used by the Chancellor on Tuesday, when he said that, this year, the Government expect to make a surplus of £14 billion—part of which will be used to pay off the national debt. In those circumstances, would it not be more appropriate and beneficial to the rest of the world if more money were given for overseas aid and to assist the very poor countries in the usary levels of debt repayments that they are forced into at present?”
Question http://hansard.millbanksystems.com/commons/1989/mar/17/overseas-development in the House of Commons (17 March 1989).
1980s
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Jeremy Corbyn 76
British Labour Party politician 1949Related quotes
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“To pay off the debt was to destroy the money supply.”
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Context: In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
ME 13:420
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