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

To: Elroy who wrote (317155)	12/28/2006 12:59:42 AM
From: tejek	Read Replies (1) \| Respond to of 1573927

I think you are working too hard to make your point. Debt is always a negative. This is just wrong. I use my credit card every month, and pay it off at the end of the month. Every month I incur debt which I am able to pay off before it begins to accrue interest. There is nothing "bad" about this. Is this really accumulating debt? Not in the truest sense of the word.....you're using your credit card almost like a debit card...a way to facilitate payment without having to carry cash. That's not incurring debt. Even if I didn't pay it off every month the story is the same. If I don't have the cash now to buy a car or a home, but I have the cash flows to service a car or home loan, I'll get one, but a car or a home, and there is nothing bad about that. It is never good paying more than the actual value of a good whether its a car or a house. Is it better than walking or being homeless? Of course.......but its definitely not the best scenario. There is a cost to buying stuff on credit......it means that money that once was disposable must be captured and used to pay off interest. The US has less money to deal with current problems because it is having to pay the interest for expenditures from years past. If you think that's good, I've got a bridge you can buy real cheap.........with only a few million down and the rest you can finance.