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Thread: Is being in debt a good thing?

  1. #111
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    presluc's Avatar
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    Re: Is being in debt a good thing?

    Quote Originally Posted by Vadinho View Post
    Eventually, you always have to pay don't you?
    That's the way I live anyway, but I look at the debt my country is in and say well if I had it I would help as much as I could but with our budget the way it is and medicare and health benefits inching up, I have given up a lot of charities I once contributed to.
    Tiki bar regular.
    My code, never take anything for granted always expect the unexpexted.
    Never take anything you don't need ,never want anything you can't have

  2. #112
    I'm not-low all the time
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    Re: Is being in debt a good thing?

    Quote Originally Posted by presluc View Post
    Contrary to the evidence???
    Unless you haven't heard 740 million went for private organizations just bailout money, Research grants is still going no body knows how much "classified ya know' , Tax cuts for Millionaires and Billionaires for paying taxes, private CEOS running private corporations, then there's the subsidies given out every so often. to private corporations like oil .
    Take away taxpayer money going into these private corporations then lets see how they do , after all to use quotes and old phrases used on the average American people 'PULL YOURSELF UP BY YOUR BOOTSTRINGS" or "STOP LIVING BEYOND YOUR MEANS.

    The other private companies like THE Gap, JCPenney, GMC, Chrysler Sears just to name a few didn't fair so well getting government money., Oh there was a time when the government threw some cash their way but when they started losing money they and a lot of others got kicked to the curve.
    ok........
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #113
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    Re: Is being in debt a good thing?

    Quote Originally Posted by Kushinator View Post
    ok........
    I look at the debt America is in today and in my humble opinion even after all the budget cuts , America is far from OK.
    Tiki bar regular.
    My code, never take anything for granted always expect the unexpexted.
    Never take anything you don't need ,never want anything you can't have

  4. #114
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    Re: Is being in debt a good thing?

    Quote Originally Posted by Kushinator View Post
    ok........
    I look at the debt, even after all the budget cuts America is in today and in my humble opinion even after all the budget cuts , America is far from OK.
    Tiki bar regular.
    My code, never take anything for granted always expect the unexpexted.
    Never take anything you don't need ,never want anything you can't have

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