To: ARCADIA
286 - "If you have $25,000 in debt and make $50,000 a year; you are still going to have the same debt, and the same income rate."
Not if you are paid in Euro's, and you agree to pay back $50k, and it now your salary is worth $1.25 for each euro, it becomes easier to pay off as the dollar devalues against the euro.
299 posted on
04/10/2004 8:36:21 PM PDT by
XBob
To: XBob
Not if you are paid in Euro's
True. Unfortunately, most of the slobs that we are worried about are paid in dollars.
306 posted on
04/10/2004 8:51:33 PM PDT by
ARCADIA
(Abuse of power comes as no surprise)
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