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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (2466)9/19/2008 10:39:30 AM
From: TimF  Read Replies (1) | Respond to of 86356
 
OT

Informally people might say "I'm in debt to you", if you do something for them, but a real debt is a contractual obligation, not just a felt sense of obligation by one side or the other or both.

If you want to call it debt when there is such a sense of obligation/entitlement to the money or whatever, the problem is that we would need a new term for real debt. Defaulting on a contractual obligation, and not paying back money that was borrowed is significantly different than not living up to political promises, even important ones.

If you call it debt it still isn't the same as the actual debt.