Forget politics: using common sense & logic, do you believe P Obama when he just said raising the debt ceiling does not increase our debt?
@anths ok so if you had an overspending problem you would solve it by borrowing more money? Ask your bank if they agree.
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@johnculberson I'd certainly consider it preferable to defaulting on my debts and not being able to buy food, yes. Wouldn't you? -
@anths call Dave Ramsey's financial radio show and tell him what you just told me -
@johnculberson Also: I *really* wish people would stop comparing household finance to gov finance and macroeconomics. Not the same at all. -
@anths common sense tells you do not spend money you do not have - it's not complicated -
@johnculberson So *every* business that goes into debt to get started is doing it wrong? It's more complicated than you pretend. -
@anths no business and no family in America can survive if they try to solve income/spending problem by borrowing more money - it'sillogical -
@johnculberson You need to take a long-term view. Should nobody ever take out a student loan? That's *years* of increasing debt.
End of conversation
New conversation -
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