The Government Bail-out
You can’t borrow your way out of trouble. If you owe a thousand bucks and borrow a thousand more to pay off the first thousand…bottom line…you still owe a thousand bucks.
There are a couple schools of thought. One that says some debt is good debt and some “manageable” debt is ok.
And the other thought that any and all debt is bad.
And I guess, to a certain extent, some believe that owing a fortune is the best way to go.
When you owe no money. You have freedom. When you owe money you are in bondage.
Folks who believe in straddling the fence forget that when you have a hiccup you’ve got a problem.
Most of you know I advocate total debt free living. To steal a line, “if you live like no one else is willing to live now...you’ll be able to live like no one else can live later.”
David Dassow
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