T_Bone wrote:
cecilia wrote:
We must not let our rulers load us with perpetual debt.
Thomas Jefferson (1743 - 1826), letter to Samuel Kercheval, July 12, 1816
I like that one. This is one ball I think the conservatives haven't been carrying well. I wish I could be alive to see the day that this nation had no debt and could actually issue a tax cut on the basis of "We have more than we need, and have no use for this surplus."
Another large problem this country has is personal debt. We owe too much, and it's being sold to us renamed as something that sounds deceptively positive, "credit."
It's the same beast.
Indeed. I saw a very simple, yet effective way of avoiding falling into this trap. Everytime you see the word 'credit' in this context, substitute it for 'debt'.
Thus you get:
Interest free debt
Debt card
Instant debt available
Attractive debt terms
Debt rating
Debt could be just a phone call away....
