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Pastimes : Let's Talk About Our Feelings!!!
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To: Neocon who wrote (74046)2/4/2000 9:28:00 PM
From: Brumar89  Read Replies (1) of 108807
 
Let's assume a simple example of a married couple with an annual income of $50K per year. They spend $60K per year for 8 years borrowing the difference - running a deficit of $10K per year. At the end of 8 years they owe $80K plus accumulated interest.

The husband says to the wife - "If we had only cut our spending back to $58K per year like I wanted we wouldn't be in this mess. Why that $2K lower spending would have been a 3.33% reduction each year. Compounding that 3.33% over 8 years would have been over 29%. And a 29% reduction in last years spending would have been more than $17K. Why instead of going deeper into debt by $10K last year we would have had a surplus of $7K. Our financial problems are all your fault, you spendthrift you!"

Wife says "Honey, you've spending too much time on that Reagan website."

Now who's to blame for this couples financial problems - the wife, the husband, or both?
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