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re: America's greatest enemy is debt--
Posted on 9/23/18 at 7:59 pm to I B Freeman
Posted on 9/23/18 at 7:59 pm to I B Freeman
Respectfully, debt in and of itself is not bad.
Managable debt as a small percentage of income is not a problem.
Uncontrolled debt is.
If I carry 30k of debt, but have 100k of income, it's a non issue.
If I have 30k of income and 100k of debt, that's another story.
Managable debt as a small percentage of income is not a problem.
Uncontrolled debt is.
If I carry 30k of debt, but have 100k of income, it's a non issue.
If I have 30k of income and 100k of debt, that's another story.
1
Posted on 9/23/18 at 8:01 pm to udtiger
quote:
Respectfully, debt in and of itself is not bad.
That is correct but it is HUGE now and we see no talk of doing anything to slow its' growth.
It is a tax on the future.
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