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Tuesday 2 September 2014

National Debt

I thought i would try to explain to both sides why the national debt could be defaulted on, but in reality it would not be a default unless we have it in the first place.

the reason scotland if they vote yes could refuse to take a share of the debt is simple if the uk government refuses to share other assets that are in scotland and in the uk with scotland then there is no reason for the scottish government to share the debt, it is like saying you live in my house but i took out this debt now you are moving out you have to pay this share of the debt, unless you are getting something when leaving you are not obliged to take that debt on as you never took it out in the first place as such it does nt belong to you unless you agree to take a share of it then you have to pay it.