Raising the Debt Ceiling on a House of Maxed Out Credit Cards (cost, school)

[janelle144]

ZoNATION: Raising the Debt Ceiling on a House of Maxed Out Credit Cards - Alfonzo Rachel


"Zo is wondering if he’s experiencing Deja Vu, because he could have sworn this has happened before. Many times actually. The government digs us deeper in to debt and deficit, but it’s ok, as long as they raise our debt ceiling? Is the government going to demonstrate insanity by doing the same thing over and over again expecting a different result, or will they stop relying on raising the debt ceiling, and start showing fiscal sanity? Hear more in this Zo Nation"


Zo is so right.

[NJBest]

I find it interesting that these articles completely ignore valuations. It's like Finance 101 doesn't even exist.

[janelle144]

Originally Posted by NJBest

I find it interesting that these articles completely ignore valuations. It's like Finance 101 doesn't even exist.

And what business do you run?

[NJBest]

Originally Posted by janelle144

And what business do you run?

A consulting business and two preschool franchises. I own other businesses but I don't run those myself.

Yourself?

[janelle144]

Originally Posted by NJBest

A consulting business and two preschool franchises. I own other businesses but I don't run those myself.

Yourself?

And you borrow but are not concerned with interest and paying back your loans? Even a household has to be concerned with debt.

[NJBest]

Originally Posted by janelle144

And you borrow but are not concerned with interest and paying back your loans? Even a household has to be concerned with debt.

I noticed you evaded the question.

You have to look at revenue, cost and governance of expenditures. Borrowing in itself, is not bad (although, it very well can be).

[Frank DeForrest]

In the mind of a keynesian, debt= prosperity.

[bUU]

Originally Posted by NJBest

I noticed you evaded the question.

So did I. Many right-wingers are not going to allow themselves to realize that their understanding of the situation is faulty, any more than they're going to admit even to themselves that in caring more about money than they care about people that they have their priorities indefensibly backwards.

[weltschmerz]

I had no idea what a Zo was, so I looked it up. He's pretty funny. Why should anyone listen to a ranting, homophobic, abstinence-only martial artist who sounds like an illiterate?

[Dude111]

Whats the point of having a DEBT 'CEILING' if they keep raising it??