2007-06-26 21:01:45 · 5 answers · asked by Bob M 1 in Business & Finance ➔ Personal Finance
hopefully not
2007-06-26 21:12:28 · answer #1 · answered by Barbarian 5 · 0⤊ 1⤋
Are you talking personal debt or government debt? Either way it all just depends on income. If a government has enough income (tax receipts, fees, etc.) to pay back the debt that has been incurred as well as continue funding other programs deemed necessary by the lawmakers, then there is no problem.
2007-06-27 04:14:33 · answer #2 · answered by Jade C 3 · 0⤊ 1⤋
I would suggest it's already started to happen ..
.. a couple more Interest rate rises may well lead to massive loss of confidence by today's maxed out Card users who will opt for IVA's & bankruptcy instead ..
2007-06-27 06:05:10 · answer #3 · answered by Steve B 7 · 0⤊ 0⤋
until th govermment (UK ) learns to manage their money - which they can't do effectively- then money will always be being completely and utterly wasted. they are . still, ireland is worst at least i don't live there any more.
2007-06-27 05:05:41 · answer #4 · answered by Sarah J 6 · 1⤊ 0⤋
That seems to be highly likely.
2007-06-27 05:27:51 · answer #5 · answered by LongJohns 7 · 0⤊ 0⤋