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Re: Taps Coogan: 55% of the US National Debt Is the Result of Repaying Debt with More Debt 

By: capt_nemo in POPE 5 | Recommend this post (2)
Tue, 25 Sep 18 6:41 AM | 46 view(s)
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Msg. 08477 of 62138
(This msg. is a reply to 08459 by ribit)

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Did you send those words of wisdom to the gumpies???? LOL




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: Taps Coogan: 55% of the US National Debt Is the Result of Repaying Debt with More Debt
By: ribit
in POPE 5
Tue, 25 Sep 18 1:42 AM
Msg. 08459 of 62138

Ribits first two principles of financial wizardry is that you cannot spend yourself rich and you cannot borrow your way out of debt. Applies to the great and small alike.


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