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Thread: Debt Is Good

  1. #1
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    Debt Is Good

    Maybe we shouldn't be so worried that we borrow every dollar we spend.

    http://www.youtube.com/watch?v=UjbPZAMked0

  2. #2
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    Isn't it amazing how an Elitist person can blow off others with no explanation except "If you were as smart as I am, you would see it my way".
    I have found that invariably, that when someone can not explain something in a simple/logical form, that they lack the intelligence to be able to do it.

    A truly Elite intellectual will always explain his reasoning, just to prove that he is up to the task [as a matter of ego].

  3. #3
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    Quote Originally Posted by JRINJAX View Post
    Isn't it amazing how an Elitist person can blow off others with no explanation except "If you were as smart as I am, you would see it my way".
    I have found that invariably, that when someone can not explain something in a simple/logical form, that they lack the intelligence to be able to do it.

    A truly Elite intellectual will always explain his reasoning, just to prove that he is up to the task [as a matter of ego].
    Maybe there is an alternative purpose in the lack of an explanation...

    In the investment world, this is called 'market making'... in plain English this is manipulating the market for one's personal gain... And do not for a minute think politicians do not understand VERY well how to do this.
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  4. #4
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    lol

    Quote Originally Posted by trane View Post
    Maybe we shouldn't be so worried that we borrow every dollar we spend.

    http://www.youtube.com/watch?v=UjbPZAMked0

    what year is that? looks like the late 80's/early 90's???


    mtc
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  5. #5
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    Go back to Reagan-Bush and will find many saying that the debt was too small. Greenspan warned of paying debt off too fast under Clinton was dangerous

  6. #6
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    Old shoot em' in the face Cheney said "Reagan proved deficits don't matter."
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  7. #7
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    Ah, but debt and deficit spending are two completely different things.

    I don't think anyone expects that we'd pay for an aircraft carrier in cash.

    And you don't get to perform "stimulus packages" without an excellent bond rating.
    "Social networking" is an oxymoron.

  8. #8
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    Quote Originally Posted by scrogdog View Post
    Ah, but debt and deficit spending are two completely different things.
    True but then deficit spending contributes to the debt; in fact becomes debt.
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  9. #9
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    Families and Nations become dysfunctional with too much debt.
    Loss of confidence leads to fear.

    It's sorta interesting in recent history, radio talkers were saying debt's ok when Bush was in office, but not now.
    When it was Bush's debt, ok, BO's debt, not ok. Things that make you go HMMMMM......
    Tracers work both ways.

  10. #10
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    Debt is not a problem for the fiscally responsible. While deficit always means debt, the reverse is not true; debt does not automatically mean you're in deficit.

    Without debt, business can't grow. And neither can your stocks.

    Raise your hands... who here paid cash for thier last service vehicle?
    "Social networking" is an oxymoron.

  11. #11
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    Quote Originally Posted by scrogdog View Post
    Debt is not a problem for the fiscally responsible. While deficit always means debt, the reverse is not true; debt does not automatically mean you're in deficit.

    Without debt, business can't grow. And neither can your stocks.

    Raise your hands... who here paid cash for thier last service vehicle?
    Sure, banks sell debt.
    I did for the vehicle before the last one, but I had reasons.
    Tracers work both ways.

  12. #12
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    debt properly managed is okay, and in many cases considered healthy. excess debt is bad though. for example, if you are stable right now, dont foresee any major changes etc, we are in a situation where things have crashed forcibly with both interest ratess and home prices being low. buying a home under these conditions is good...provided you can do it. back in the eighties home prices were high, and interest rates were were nuts, with my first mortgage being 18.5%. bad news. two years later refinancing that to twelve was good. its about ratios and growth. our economy is based upon growth at a certain rate. bowwowing allows you to use tomorrows money today. so long as it isnt abused its not terrible.

  13. #13
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    if this is such a great idea, how come the bank gets all bent out of shape when I want to borrow a million dollars so I can retire.

    It's the same thing the government is doing? The Government has no money, no savings and a pant load of debt and yet they continue to borrow (I mean print) money.

    it's really pretty simple, stop spending what you don't have
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