We shouldn’t bail out people who lost the plot

THE recent increase in debate about debt forgiveness has sparked the writing of this letter.

Does prudence count for anything during the last 14 years? Should we teach our youth to “spend whatever you like” as the country will bail you out. I think not. Yes, there are genuine cases of hard luck. But, there are many more cases of people losing the run of themselves, spending like heroin addicts and now looking for the rest of us to bail them out.

The debt forgiveness issue to me, a person who vigorously opposes it, seems simple.