At what point is it Obama's fault?

[BSAM]

I am a citizen of only the US.

Thanks for the clarification.

 

[Ricter]

If your immortal character gets to play by the same rules as government, then yes, the scam can be run by an individual. Problem is individuals don't get to play by the same make it up as you go along rules that the government plays by. The numbers,(debt/income),actually matter in the life of the individual. The numbers mean nothing in government fantasy land.

So you're saying personal finance is different from government finance. Bingo.

Though you and I could carry a constant X percent of our income as debt for the rest of our days. If you're in business you probably are.

 

[BSAM]

Problem is individuals don't get to play by the same make it up as you go along rules that the government plays by.

I wish my bank would give me unlimited credit.

 

[Tsing Tao]

So you're saying personal finance is different from government finance. Bingo.

Though you and I could carry a constant X percent of our income as debt for the rest of our days. If you're in business you probably are.

Small business is better off debt free, as debt takes from future consumption and unless you are growing at sufficient rate (and your debt is getting smaller as a percent of your income) you're better off keeping it as low as possible.

 

[Ricter]

I wish my bank would give me unlimited credit.

Why, you're immortal?

 

[Tsing Tao]

I wish my bank would give me unlimited credit.

You could always become a primary dealer and get unlimited credit at 0% from the Fed. They do it all the time.

 

[BSAM]

So you're saying personal finance is different from government finance

I think you missed the word "scam" in his post.

 

[Ricter]

Small business is better off debt free, as debt takes from future consumption and unless you are growing at sufficient rate (and your debt is getting smaller as a percent of your income) you're better off keeping it as low as possible.

Maybe, maybe not. Holding cash and using credit for investment has it's advantages for any size company.

 

[Ricter]

I think you missed the word "scam" in his post.

It's not a scam if you are always paying it off.

 

[BSAM]

Maybe, maybe not. Holding cash and using credit for investment has it's advantages for any size company

Great, let's leave that to "companies" and not allow the evil government to hold the slaves (taxpayers) accountable for their misdeeds.