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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (316536)	12/20/2006 6:35:48 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1574258

as the lenders believe that the debtor can service his debt payments, the amount of debt is immaterial. Spoken like a finance neophyte. Ever dollar of debt you add to the balance sheet is material. Ever dollar of debt added without a corresponding dollar of assets reduces your net worth and makes you less credit worthy, which drives up the rates at which people are willing to lend you money. Higher rates means higher interest on your debt. Higher interest means less money to spend on other things like education for your people, military, medicare, social security, etc. The debt is good crowd are going to drive this country right into the ground. No doubt your crowd will figure out a way to enrich yourselves along the way, but you will take this country down and it's a damn shame, because this was once the greatest country on earth in terms of money, power, freedom, and morals. Not much left of any of those nowadays. We're a sad joke thanks to stupid leaders and an even more stupid mass of sheep that follow those leaders without critical thinking.