Allister Heath

The buck must stop with the borrower

Allister Heath says a surge in personal bankruptcies is morally corrosive as well as harmful to the economy

issue 26 August 2006

When Harry Truman was president of the United States, he famously displayed on his desk in the Oval Office a sign that read: ‘The buck stops here’. He understood the need to take responsibility not only for his own actions but also for those of his administration, and that this applied even to the toughest of decisions

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in