Scottish independence
Scottish independence
Out of context: Reply #140
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- bumdrizzle0
I'm sure babaganush also understands that a large amount of the deficit is simply an accounting position to accommodate the quantitative easing (printing money) that was required to bail out the banks. In effect the UK owes itself money. And the debts are serviced with interest payments. Not payable in full on demand.
- Actually, I'm way out my depth on this. But it's worth reading up on.bumdrizzle