"I don't like to save, it's more fun to spend; if you like metal, you're my friend."--Manowar :banana:
As of right now, I'm 32 years old with too much debt and #@$!-all in savings. I'm about to start putting in some serious overtime at work to rectify this.
We can be horrifically spendthrift as individuals and it won't wreck the economy; there will be a correction and banks will suddenly be far less generous. And when I get my savings up to a point in the four digit range I'm going to start converting it into assets with intrinsic value. We'll be using Benjamins as toilet paper in a few short years.
--T.J.
As of right now, I'm 32 years old with too much debt and #@$!-all in savings. I'm about to start putting in some serious overtime at work to rectify this.
No, public debt is what will collapse our nation's economy. Everyone, look at the federal income tax deduction on your pay stub. That doesn't pay for poor kids' school lunches, it doesn't go to Isreal, it doesn't buy stop signs in Alaska or farm subsidies... It pays the interest on the existing debt. We make our minimum payments on the public debt and borrow more, and more, and more... Oh, and there's a $70 trillion entitlement shortfall over the next, oh, I think 20 years (feel free to correct me here).Personal debt is what will collapse our nation's economy.
We can be horrifically spendthrift as individuals and it won't wreck the economy; there will be a correction and banks will suddenly be far less generous. And when I get my savings up to a point in the four digit range I'm going to start converting it into assets with intrinsic value. We'll be using Benjamins as toilet paper in a few short years.
--T.J.