Quote:
Originally Posted by fishbones
How so? You harp on deficits and debt and imply that they're bad. I simply pointed out that not all debt is bad debt. I learned that in college. Of course I only minored in economics in college because the advanced classes were too difficult for me. That's why I switched my major to Poli Sci. No math or real involved thinking required.
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I never stated that all debt is bad, while "I figured as a business owner you'd understand that all debts aren't bad" assumes I did or that I don't understand that taking on *some* debt could be good.
Increasing deficits and debt with no real outlook at how the debts are going to be paid are what caused the collapse of the financial sector and, as I stated earlier, is how the Iraq War/Tax Cuts relationship was a major contributing factor to our current economic state.