Comments by "Steph Foxwell" (@stephfoxwell4620) on "'The UK could run out of money and we're still painting rainbow zebra crossings!' | Sunday Sermon" video.

  1. We have plenty of money. The Tories borrowed and printed £2.5 trillion in 13 years.
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  2. Nonsense. Modern capitalist democracies cannot run out of money. They borrow and print just as much as is needed. Our Government Debt has existed for 335 years and has averaged 93% of GDP. Peaking at 248% in 1947.
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  3. There are no large countries in the World with no debt. Debt is the very foundation of Capitalism.
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  4. Can he really be so clueless he thinks we can run out of money? Or is he being dishonest in an effort to win votes?
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  5.  eljay5009  If you die, your estate has to pay it.
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  6.  eljay5009  Personal Debt is nothing like National Debt. National Debt is never repaid, just refinanced. You just need to meet the ongoing interest cost.
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  7.  eljay5009  I am saying that personal debt is different to National debt. Personal debt must be repaid.
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  8.  @chrissymon  No it doesn't. Where did you read that? Debt is passed to your executors.
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  9.  eljay5009  Why are you being obtuse? I previously said the debt falls to the estate. It is patently ridiculous to say debt dies with you. Only if you are a selfish person. Passing on responsibilities.
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  10.  eljay5009  Death means repayment. You cannot pass credit card debt on in a Will
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  11.  eljay5009  That is my whole point. The UK will not stop servicing its debt.
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