ConDems will solve the deficit

[Old Greg]

Isn't the only way not to pay for what you can't afford i.e. live within your means?
And accept that the country is not as rich as it thinks.

No. The other way is to nationalise the debt.

[AtW]

No. The other way is to nationalise the debt.

I think you may find that the proper name for what you propose is "default".

[Old Greg]

I think you may find that the proper name for what you propose is "default".

It's an irregular verb:

I bring the debt into democratic ownership
You default
He has had all overseas assets confiscated due to Vulture Fund legal action

[AtW]

I bring the debt into democratic ownership You default He has had all overseas assets confiscated due to Vulture Fund legal action

Cretin, it would be UK banks, pension funds and other entities that hold UK gilts that go bust because they'll have massive write downs.

Unions already go on strikes for smaller than expected salary increases, what do you think they'll do if they can't get paid? By the way in the event of state default foreign property of state (embassies for example) can be sold off to cover for it.

[Old Greg]

Cretin, it would be UK banks, pension funds and other entities that hold UK gilts that go bust because they'll have massive write downs.

That's their problem, not mine.

I won't go into your problems.