12-20-19, 06:10 AM
|
#12212
|
Chief of the Boat
Join Date: Feb 2006
Location: 250 metres below the surface
Posts: 190,615
Downloads: 63
Uploads: 13
|
Quote:
Originally Posted by JU_88
Its much like living on credit cards and loans, it works for as long you can pay off the interest. Technically so long as you can do that, you never need to pay it back.
Is it wise? obviously not.
We are probably not ever getting out of that one with out a complete global debt collapes of some kind.
If, how and when that would happen is impossible to predict. Wouldn't take much to set it off though at this point.
Agree it is remarkably short sighted of people of an already heavily indebted nation to applaud government policies offering more 'free stuff', because its not, and they, their children or their grand children will pay for it one way or another in the end.
|
That is now foremost in my mind since the arrival of my first grandchild
__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!!
|
|
|