#I would like to propose a referendum

1 messages · Page 1 of 1 (latest)

jovial palm
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I do not have an issue with the debt. I accept it.
I mention its source when angry constituents ask why we must do this.
I believe in good governance and running a government to the will of the people.
I therefor propose and request a referendum to the people if the entirety of the debt from the previous season be paid in its entirety in a single cycle or if it should be spread out in installments over multiple seasons. I am fine with doing it in one cycle, but I am responding to the things I hear the people asking and saying.

wet girder
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that's a dennis thing - not the house

jovial palm
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I am seeking the advice of the MPs in determining if we should bring this to Dennis or not.

wet girder
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As we can issue our own bonds at the PM's discretion in the limits set out in the constitution to refinance the debt as we see fit - I don't see this as a problem - so therefore am opposed

jovial palm
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I agree with carrying the debt forward, and do not have an issue with it.

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so there is already a mechnism for refinancing the debt to the future with bonds?

wet girder
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A bond is a financial instrument issued by the government to the citizens wherein the citizens give the government money for a guaranteed return on their investment. Bonds are debt the government incurs to it's citizens (i.e. a reverse loan)

jovial palm
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I will take this under advisement and consider the ramifications, thank you for your input

old zealot
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i see the debt as a replacement of other possible win conditions. even though it might be something trivial for more expert gov players, it's probably cheaper than other win conditions.