-- CREDIT--

[poddster]

If all your credit cards, loans, and mortgage were called in and you had to finalize them all  by the end of  the financial year (30th June) where would that leave you and what would you do to pay your debt? 

[cherry*135]

Same as now, don't have any debt.

Personal debt, is not the same as a Country's debt either.

[chuk_77]

why?

[poddster]

Even though you think you have no personal debt , that is an illusion, as an Australian citizen you have a commitment to pay the debt that the country owes do you have enough to meet your share of that debt?

[cherry*135]

Yeah, right. What if I leave this country tomorrow and never come back? Who is going to send me a bill for my share of the national debt?? LOL

Anyway I lied, I do have a HELP-loan debt.

Shane the Budget was a FAIL. Cutting costs, no increase in revenue.

[poddster]

Is that what you would do am*3 dodge you debt by leaving the country? Do you think you would be allowed to shove your debt onto others?

[imastawka]

My mother always taught me

If you can't afford it, you can't have it

I have no debt

[poddster]

She must have been a wise woman Stalwk

[cherry*135]

This was the question:

as an Australian citizen you have a commitment to pay the debt that the country owes do you have enough to meet your share of that debt

If an Australian citizen (dual citizen) leaves the country permanently (all personal finances settled) who is going to send them a bill for their share of the national debt?

No-one because that is not how it works. Citizens with jobs pay tax, which gives the Govt revenue. The Govt re-disributes that revenue.

[poddster]

The coutry's debt IS your personal debt. I was spent on your behalf for your benefit. you can not leave until it is settled.