To: Neil E. Wright
Think of it this way. You had a lot of bills to pay and you were juggling them every month, alternating those that got paid while incurring heavy late charges and higher interest rates.
So you borrowed enough from the local loan shark to pay off all your bills and now you only have to pay the loan shark - but his interest rate is even higher and penalties are much harsher. But what the heck, the improved cash flow now lets you take out new loans and buy a new car and house, which you do.
Now, your boss has just fired you, and the loan shark won’t settle for just kneecapping you.
Does that clear things up for you?
21 posted on
05/03/2010 11:29:16 PM PDT by
RebelTex
(FREEDOM IS EVERYONE'S RIGHT! AND EVERYONE'S RESPONSIBILITY!)
To: RebelTex
I hope you don’t mind, but I posted this article along with your easy-to-understand explanation on my Facebook page.
22 posted on
05/04/2010 12:42:52 AM PDT by
abigailsmybaby
( I'm not going to buy my kids an encyclopedia. Let them walk to school like I did. Yogi Berra)
To: RebelTex
Now, your boss has just fired you, and the loan shark wont settle for just kneecapping you. Simple, kill the loan shark.
24 posted on
05/04/2010 1:25:30 AM PDT by
glorgau
To: RebelTex
Wait, can't we delay this by just raiding all the private retirement funds?!
Sarcasm/off.
27 posted on
05/04/2010 3:52:58 AM PDT by
elk
To: RebelTex; sickoflibs; NFHale
37 posted on
05/04/2010 7:22:30 AM PDT by
Gilbo_3
(Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
To: RebelTex
Hey, thanks, I understand it now!
To: RebelTex
![Deficits](http://i939.photobucket.com/albums/ad231/kmankin/Deficits.jpg)
Actually, I like THIS chart better... since, it begins to indicate a possible SOURCE for our problems!
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