BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 7 hours ago, MixuFixit said: We want a deficit. They're totally normal and necessary for the world economy. Tories comparing the national finances to a household budget has worked if it's even getting to diehard yessers! They're not "normal". They're "common". As long as we have a deficit, we forever have ever increasing national debt. Great way to keep the population enslaved. 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 2 hours ago, D.A.F.C said: It's all really easy to leave as Brexit has proved. Scotland leaving the UK: UK: "They'll be a hard border unless you meet our demands." Scotland: "Hard border it is then." UK: "On second thought, let's talk." 0 Quote Link to comment Share on other sites More sharing options...
sergie's no1 fan Posted July 31, 2019 Share Posted July 31, 2019 We will end up taking the North of England too if the Tories negotiate the same way as they have with brexit. 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 19 minutes ago, MixuFixit said: Do you like the idea of pensions, mortgages etc? Do you like the idea of them being available for many generations to come? Or are you quite happy for it to all come crashing down, just as long as you're dead before it happens? 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 1 hour ago, MixuFixit said: Do you understand what pensions invest in, in order to pay out for years to come? Do you understand where banks get the money they lend you for a mortgage? Do you understand that if the system stays the way it is, that debt figure can only keep going up forever? Do you understand why that might be a problem? Infinitely growing debt figure against a finitely resourced planet? 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 2 minutes ago, MixuFixit said: That's a more interesting point, but debt is not necessarily guaranteed to rise forever. It is if you have a deficit every year. 0 Quote Link to comment Share on other sites More sharing options...
Kuro Posted July 31, 2019 Share Posted July 31, 2019 30 minutes ago, BawWatchin said: Do you understand that if the system stays the way it is, that debt figure can only keep going up forever? Do you understand why that might be a problem? Infinitely growing debt figure against a finitely resourced planet? Its fucked already, do you think there's any realistic prospect of the UK ever paying off a £1.8 trillion debt? Or the USA paying its $20 trillion one? Imagine how many years of surplus that would require. 1 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 13 minutes ago, Kuro said: Its fucked already, do you think there's any realistic prospect of the UK ever paying off a £1.8 trillion debt? Or the USA paying its $20 trillion one? Imagine how many years of surplus that would require. So what do we do. Just pretend that it isn't there until we ultimately default? Then what? 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted July 31, 2019 Share Posted July 31, 2019 So what do we do. Just pretend that it isn't there until we ultimately default? Then what?The guys will come and take all the UK and US teles and couches and stuff ? 0 Quote Link to comment Share on other sites More sharing options...
D.A.F.C Posted July 31, 2019 Share Posted July 31, 2019 The debt crisis is substantially more than the world war 2 debt. I'd love scotland to be independent and successful but it's not really going to matter when we have this enormous burden around our necks. The snp along with every other political party going were happy to back the banks and give them free reign.The idea of a nation being able to control major issues like the end of oil and recessions or deficits is pie in the sky.Freezing council tax and handing out free prescriptions and free university education is just adding to the deficit. The snp claimed this year we would be over 10 billion richer than we actually were. Becoming independent might improve things slightly but people dont seem to realise just how serious the debt is and how it will basically enslave the poor for decades to come.There is no magic fix. 0 Quote Link to comment Share on other sites More sharing options...
oneteaminglasgow Posted July 31, 2019 Share Posted July 31, 2019 9 minutes ago, D.A.F.C said: The debt crisis is substantially more than the world war 2 debt. I'd love scotland to be independent and successful but it's not really going to matter when we have this enormous burden around our necks. The snp along with every other political party going were happy to back the banks and give them free reign. The idea of a nation being able to control major issues like the end of oil and recessions or deficits is pie in the sky. Freezing council tax and handing out free prescriptions and free university education is just adding to the deficit. The snp claimed this year we would be over 10 billion richer than we actually were. Becoming independent might improve things slightly but people dont seem to realise just how serious the debt is and how it will basically enslave the poor for decades to come. There is no magic fix. Aye, scrap the NHS, Police, schools, everything. Just adding to the deficit. 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 31, 2019 Share Posted July 31, 2019 32 minutes ago, AUFC90 said: 40 minutes ago, BawWatchin said: So what do we do. Just pretend that it isn't there until we ultimately default? Then what? The guys will come and take all the UK and US teles and couches and stuff ? No, the guys will just stop trading with us and lending us money and resources which the UK doesn't have much of itself, otherwise it wouldn't need to have be trading in the first place. 0 Quote Link to comment Share on other sites More sharing options...
Kuro Posted July 31, 2019 Share Posted July 31, 2019 41 minutes ago, BawWatchin said: So what do we do. Just pretend that it isn't there until we ultimately default? Then what? I don't know. That's why I'm saying its fucked, there's no way out of that, the whole system is a house of cards. Our Chinese overlords will deal with it when the time comes. 0 Quote Link to comment Share on other sites More sharing options...
D.A.F.C Posted July 31, 2019 Share Posted July 31, 2019 23 minutes ago, oneteaminglasgow said: Aye, scrap the NHS, Police, schools, everything. Just adding to the deficit. Already being done. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted July 31, 2019 Share Posted July 31, 2019 8 minutes ago, Kuro said: I don't know. That's why I'm saying its fucked, there's no way out of that, the whole system is a house of cards. Our Chinese overlords will deal with it when the time comes. China's debt could be $6 trillion dollars. It's hard to get real figures just like much of it's economy. It's very opaque. Not sure if there are many countries which have no debt. It''s the accepted way of life. The strange economics of Thatcher talking about running a country like running a house budget is just fanciful BS. 1 Quote Link to comment Share on other sites More sharing options...
git-intae-thum Posted July 31, 2019 Author Share Posted July 31, 2019 51 minutes ago, D.A.F.C said: The debt crisis is substantially more than the world war 2 debt. I'd love scotland to be independent and successful but it's not really going to matter when we have this enormous burden around our necks. The snp along with every other political party going were happy to back the banks and give them free reign. The idea of a nation being able to control major issues like the end of oil and recessions or deficits is pie in the sky. Freezing council tax and handing out free prescriptions and free university education is just adding to the deficit. The snp claimed this year we would be over 10 billion richer than we actually were. Becoming independent might improve things slightly but people dont seem to realise just how serious the debt is and how it will basically enslave the poor for decades to come. There is no magic fix. Scotland does not have any debt. Only a notional share of UK debt, for which we have no liability should we choose independence. Any UK debt share we choose to assume should be at least equal to the UK assets we decide to take. Or we can lease them a sub base for a decade or two in lieu of part of liability. 0 Quote Link to comment Share on other sites More sharing options...
git-intae-thum Posted July 31, 2019 Author Share Posted July 31, 2019 Oh....I should repeat Scotland does not have any debt. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted July 31, 2019 Share Posted July 31, 2019 The debt crisis is substantially more than the world war 2 debt. It's not. WWII debt was 200% of GDP, it's currently 87%. Still managed to create the NHS though. 0 Quote Link to comment Share on other sites More sharing options...
Dunfermline Don Posted August 1, 2019 Share Posted August 1, 2019 Scotland does not have any debt. Only a notional share of UK debt, for which we have no liability should we choose independence. Any UK debt share we choose to assume should be at least equal to the UK assets we decide to take. Or we can lease them a sub base for a decade or two in lieu of part of liability.I would not be at all surprised if keeping subs in Faslane for a while became part of any deal/arrangement post Indy. The Brits do not have a great record in the way they have let some countries have their independence in the past. You just have to look at the Indian sub continent and Ireland for the mess we/they left there. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted August 1, 2019 Share Posted August 1, 2019 13 minutes ago, Dunfermline Don said: I would not be at all surprised if keeping subs in Faslane for a while became part of any deal/arrangement post Indy. I would be very surprised if this happened. -1 Quote Link to comment Share on other sites More sharing options...
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