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Politics : Foreign Affairs Discussion Group

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To: kumar who wrote (53494)	10/20/2002 6:55:19 PM
From: Maurice Winn	Read Replies (1) of 281500

Kumara, being "Asian", I've never escaped the habit of saving for a rainy day and fear of The Great Depression, which trickled down from parents who experienced it up close and personal. Maybe I need Lindy's aversion therapy [though I quite like the habit and it seems to do good things for me]. One of the good things about debt is that if one dies with big debts, it's not really a problem for the debtor! However, it means working right up to death, which might unfortunately not come until age 110. By that age, interest payments would be quite tiring! Borrowing $100,000 at age 20 and not paying it back and dying at age 90 would mean a LOT of earnings needed to pay the interest bill. I prefer my Asian style. Mqurice

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