Quote from stoic:
So..... If my credit card company sends me a notice that they have raised my line of credit from $10k to $15k and I then use that credit to pay my interest and once again max out my credit card, I should expect that my "load" minimum payment on the new debt to go down???? That's just as stupid as what Odumbo said.
Actually we should not be surprised. Before civilization, stupid people did not survive so people got smarter. With civilization, the stupid survived and made more stupid people. Now stupid people tend to have more children. Over time stupid people became the majority. It was only a matter of time for the dim-witted majority to elect a stupid person as President.
Quote from bigarrow:
You guys don't know the difference between the debt and the debt ceiling. But your specialty is in bitching and moaning and not thinking.
Quote from Covertibility:
Could you think and reason with this:
![]()
My god people, its the gays, debt, Those People, Obamacare, Bill Clinton, the Community Reinvestment Act, teachers' unions, etc. etc.. that are destroying america.
What we need are : more guns, prayer in school, pray away the gay, keep Those People in the projects and out of the suburbs, even more guns, etc.. etc.. etc..
Quote from Covertibility:
...My god people, its the gays, debt, Those People, Obamacare, Bill Clinton, the Community Reinvestment Act, teachers' unions, etc. etc.. that are destroying america.
What we need are : more guns, prayer in school, pray away the gay, keep Those People in the projects and out of the suburbs, even more guns, etc.. etc.. etc..
No need to recruit help with "us all", Tsing, for one, immediately understood what I was getting at. What a person owes has little meaning until you know what that person earns, then you have an idea of their burden, aka their load. So to oversimplify, lumping whole classes of assets and liabilities together for the sake of illustration, consider DL = D/I, where DL is debt load, D is debt and I is income. In what circumstance could DL be falling even as D is increasing?Quote from stoic:
Then tell us all how it works.... but be advised, keep it based on reality.
Quote from Ricter:
No need to recruit help with "us all", Tsing, for one, immediately understood what I was getting at. What a person owes has little meaning until you know what that person earns, then you have an idea of their burden, aka their load. So to oversimplify, lumping whole classes of assets and liabilities together for the sake of illustration, consider DL = D/I, where DL is debt load, D is debt and I is income. In what circumstance could DL be falling even as D is increasing?