Google+ Badge

Friday, April 19, 2013

"Debt must be paid back"

Frances Coppola rightly says: "Don't be daft"!
Well, actually, what she says is this:
The reality is that governments do not have to pay all their debt off in one year - in fact most governments pay off little or no debt. What they have to do is service the debt.  
(emphasis added)
I would go further and note that this, in general, applies to corporations as well. Only individuals must pay back debts. (ss. even that last statement is not totally correct !)

No comments:

Post a Comment