Govt to pay off our debts - DCA's?

[mr.ton]

Just seen on the news channel that the government is to set up a fund to pay off our debts.

Just wondering what the implications of this will be with regards to DCA's?

[spamheed]

you got a link to that?

[mr.ton]

It was mentioned on the BBC news channel before...so im not sure if there is a link to it anywhere?

The US government is to wipe out all bad debts - that is the headline on there, but it was mentioned about something similar to happen here.

[42man]

Is that personal debts ? or corporate debts ? 3rd world debt ?

[PossVox]

The guy in the U.S. said "All iliquid assets" whatever that means?

[PGH7447]

I think it will only be corporate debts, I mean only banks can be allowed to rack up trillions in debt, nearly go bankrupt then expect to get bailed out by the government using your tax money.

 

While the man in the street in debt is there because of their own greed and failure to budget properly:rolleyes:

[jonni2bad]

I... only banks can be allowed to rack up trillions in debt, nearly go bankrupt then expect to get bailed out by the government using your tax money.

 

While the man in the street in debt is there because of their own greed and failure to budget properly:rolleyes:

 

Nail.

 

Head.

 

[ashmk]

And once there back on there feet with your tax money you can be sure they will be back on your case chasing you for your money.

[babybear39]

And once there back on there feet with your tax money you can be sure they will be back on your case chasing you for your money.

 

Sad but true

[KER]

It was mentioned on the BBC news channel before...so im not sure if there is a link to it anywhere?

The US government is to wipe out all bad debts - that is the headline on there, but it was mentioned about something similar to happen here.

 

That's economic speak. It means debts owed to THEM.

 

Nothing to do with the ordinary Mr Joe Bloggs on the street I'm afraid.

 

Nice thought though

[mr.ton]

I do think its a disgrace that companies can rack up loads of debt & then be bailed out by governments

Anyway...our government is going to have to do something about personal debt in this country, so i can see them being left with no choice but to have to pay the ordinary persons debts off eventually

[ziggy04]

hi everyone, it amazes me how these corporate firms / companies get into mega debt because of their pure greed , bad dodgy investments and so on & then get bailed out by the taxpayers, or go bust & set up business again under a different name but the ordinary joe public who has debt is harrassed charged extorionate interest & unlawful fees by unscrupulous DCA'S who get away with it!! unfair or what. makes my blood boil, says she as i reach for the blood pressure tablets ! ziggy

[KER]

I do think its a disgrace that companies can rack up loads of debt & then be bailed out by governments

Anyway...our government is going to have to do something about personal debt in this country, so i can see them being left with no choice but to have to pay the ordinary persons debts off eventually

 

It'll never happen.

 

Ultimately, we're all responsible for our own actions. That includes running up debts with credit cards etc etc etc... We do not have to have credit! There's that little thing called saving for things too

[stardust_john]

I know what I'll do change my name by deed pole to a certain banks name and ask for sympathy from the dca's and creditors, it worked for them8)

[dannyboy660]

I do think its a disgrace that companies can rack up loads of debt & then be bailed out by governments

 

 

Governments don't pay it, we do, as in taxpayers.

 

They don't bale out British Car/Mbike makers or the manufacturing industries because they are full of ordinary working people, probably union minded, in whom the government have no interest whatsoever. Stick them in a call centre or put them on IB - it's cheaper.

 

Banks, however, are full of money and make even more money from the aforementioned great unwashed, so why not cut the Defence budget a little further and use the money to prop up the banks and therefore squeeze a little bit more money.........and round and round it goes......

[Fred Bassett]

It'll never happen.

 

Ultimately, we're all responsible for our own actions. That includes running up debts with credit cards etc etc etc... We do not have to have credit! There's that little thing called saving for things too

 

Just like the current Government presumably. Their attitude was "waste money now, get elected now and hope that nobody notices". We have all paid a fortune in extra taxes and for what exactly? Has anything improved in the past 10 years? I think not.

 

Frankly, if Cameron had a mind to get rid of the additional 800,000 Government employees whose only purpose is to make life miserable for the rest of us, he could wipe the Labour Party out so completely that they will never be in power again. Let's hope he's got the balls.

 

Fred

[babybear39]

Fred, none of them have balls, that's why they're politicians

[Fred Bassett]

Fred, none of them have balls, that's why they're politicians

 

Yes, your right. To be honest, I feel disenfranchised because there isn't a single party that offers what I would like to see, at least, not one with any chance of being elected, so I will just vote for the one with the best chance of getting rid of Broon and the socialists.

 

Regards.

 

Fred

[babybear39]

Not conservative I hope Fred

[Fred Bassett]

Not conservative I hope Fred

 

Like I said BB, anybody who can get rid of that useless to**er Broon. But with a heavy heart.

 

Fred

[babybear39]

[babybear39]

*BB remembers what it was like under a tory gov.*

[babybear39]

...and it wasn't pretty...

[sosumi]

*BB remembers what it was like under a tory gov.*

 

...and it wasn't pretty...

 

Agree 100% BB!!

[Fred Bassett]

Agree 100% BB!!

 

I remember too and I wasn't a fan. But I've also lived life for the last 11 years under this one. When I say "under", I mean "under", because never have we been less free or more taxed. As soon as they got in their attitude changed from "non-other than the political wing of the British People" to "We are the masters now". This lot lie like a Woolworths menu. EU Treaty. I rest my case. IMO, ANYTHING would be better - even Cameron.

 

Regards.

 

Fred