Privatise all national water supplies to pay off debts?

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SamuelRSmith said:

HappySqurriel said:

What is so wrong with governments cutting spending, and using the savings to pay down debt?

Didn't you know? People believe that it is their right to live above their means.

Commercial banks need to keep interest rates low and consumers can take more credit cards and debt to finance spending. Governments should spend less so consumers can enjoy lower  interest rates and more easy credit to borrow from private banks. 

Commercial banks need to loosen credit borrowing terms and governments stop spending money. Banks loan to private consumers increases private sector. Private sector spending increases and government reduces public spending.