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So you can go into more debt than you have EVER been in and this will somehow get you out of debt because you will hopefully make more money down the road....
I am actually thinking of doing this,we have $70,000 or so in available credit,that could have our well drilled,the cabin finished and get it fully fenced....hopefully after we spend this borrowed money we will be able to pay it back but if not....well it was a gamble for those who loaned us the money...
There is nothing wrong with this is there?????????
The problem here is that you aren't spending the money on something that will make the money back plus pay for the rest of the debt.
But, the economy as a whole works a little differently. It's still the same concept: borrow money to invest so that it will pay for itself. But the money goes straight toward saving jobs, which increases spending and stimulates the economy, which boosts demand, providing even more jobs, increasing the standard of living and paying off the debt with the increased income. It seems with the economy, you either spiral up or down.
Yes even more so! The more you lessen their salary, the more you make legislation the play ground of the rich and wealthy.
SS is fine. Please go an take a look at the SS 2008 Trustee report. It has a "small" long term deficit....It has only a 1% Administration cost...You've been hoodwinked into thinking it's going "bankrupt"...Thanks for asking.
After this post, I take back what I said about level headed and fair. Why did you call him names? He didn't attack you. Shame on you.
Grow up. We don't tolerate ignorance here....who in their right mind would invest 70K in their own vacation home and water well and say that is an investment that will pay off???????
That's funny money...not an income producing investment..
The problem here is that you aren't spending the money on something that will make the money back plus pay for the rest of the debt.
But, the economy as a whole works a little differently. It's still the same concept: borrow money to invest so that it will pay for itself. But the money goes straight toward saving jobs, which increases spending and stimulates the economy, which boosts demand, providing even more jobs, increasing the standard of living and paying off the debt with the increased income. It seems with the economy, you either spiral up or down.
How does borrowing money save jobs and where does the money come from, if your already broke? Who lends money to fiscally irresponsible people, other than loan sharks, and what's the vig?
Grow up. We don't tolerate ignorance here....who in their right mind would invest 70K in their own vacation home and water well and say that is an investment that will pay off???????
That's funny money...not an income producing investment..
Me thinks someone has an over-inflated ego of themselves. I love when one person speaks for the masses. You're not nice.
What the U.S. Can Learn from Japan's 'Lost Decade'
- Don't Procrastinate
- Don't Try to Spend Your Way Out of a Crisis
- Save, Save, Save
- Be Transparent
Because their plan is even better than regular SS!! Just like their medical plan, dental plan, cafeteria food, and retirement!!
That doesn't say anything about the viablity of SS.
The difference, is that we, the general public have options in regards to medical, dental, cafeteria food and retirement. Why isn't congress pension offered to us...since you seem cool with the whole "they're better then we are" mentality?
How does borrowing money save jobs and where does the money come from, if your already broke? Who lends money to fiscally irresponsible people, other than loan sharks, and what's the vig?
Thanks for asking. At least one opponent is willing to ask a question.
1) Where does the money come from?
We borrow it like they did for the last eight years under the Bush Admin
2) " if we are already broke" ...WTF?? You are only broke if you cannot raise revenue....Is the IRS out of existence??? Are the Chinese not buying our T notes???
3) Who lends money to the irresponsible? That would be the Chinese, Koreans, and Arabs...and they are not willling not stop buying or say a discouraging word lest their investment goes to crap...they are willing partners.
Last edited by padcrasher; 04-02-2009 at 10:00 PM..
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