To: Uncle Chip
Interesting story. What I don't understand is, why is it illegal for Robert Mawhinney to do what the Federals and some cities, counties and states do every day?
Borrow, spend like the kings of old, then borrow more to pay the interest on the first loan. Then repeat over and over and over in perpetuity.
4 posted on
01/04/2014 6:58:56 AM PST by
Tupelo
(I am feeling more like Philip Nolan every day)
To: Tupelo
that’s exactly what I was going to say, our government does this in spades every day
5 posted on
01/04/2014 7:07:34 AM PST by
yldstrk
(My heroes have always been cowboys)
To: Tupelo
Apparently it’s not illegal to “borrow it”.
It becomes a criminal matter when you fail to pay back what was borrowed.
To: Tupelo
You bring up a very excellent point.
9 posted on
01/04/2014 7:38:07 AM PST by
Bulwyf
To: Tupelo
It is because the govey entities do it for the “benefit of the people” whereas as he did it for himself. Both are criminal.
17 posted on
01/04/2014 8:39:24 AM PST by
SgtHooper
(If at first you don't succeed, skydiving is not for you.)
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