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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!)
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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)
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To: RebelTex
Now, your boss has just fired you, and the loan shark won’t settle for just kneecapping you.

Simple, kill the loan shark.

24 posted on 05/04/2010 1:25:30 AM PDT by glorgau
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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
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To: RebelTex; sickoflibs; NFHale

perfect analogy...


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)
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To: RebelTex

Hey, thanks, I understand it now!


53 posted on 05/04/2010 9:31:27 AM PDT by BlueAngel
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To: RebelTex
Deficits Actually, I like THIS chart better... since, it begins to indicate a possible SOURCE for our problems!
75 posted on 05/04/2010 12:01:10 PM PDT by SomeCallMeTim
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