re: Does that $84,000 figure include home mortgage debt?

Current Events » in reply to Bush is the Mastercard preznit........

Scott Evil — 11/2/2004 4:54:00 PM (archived)

I've always believed that some debts are better than others.

School loan debt and Home mortgage debt are good debts: They are an investment in the future... Credit Card and Auto loan debt is bad debt: They are money spent with no real future rewards to the borrower. If you refinance your house to pay off CC debts, then the standard rule gets messy.

Scott Evil

P.S. Printing too much money would make interest rates go up (not down as you implied) as foreign investors would not be as willing to invest in a potentially inflationary currency.

The whole thread (14 posts)

"It's a shame, really. Bush could have been a great president." - Bowser - 11/2/2004 5:13:14 AM
- The author complains because he did not do what the democrats wanted. - ebnelson - 11/2/2004 4:39:45 PM
- He is a great President. - REB - 11/2/2004 1:15:55 PM
  - re: "He is a great President.turned the failing economy around" - too bad it was a 360 - LJ - 11/2/2004 4:28:36 PM
    - re: If Friday's jobs repport comes in as expected...then 2 Million jobs have been created in the last 14 months. - Scott Evil - 11/2/2004 4:45:34 PM
      - Too bad 2.1 million were needed to keep pace with population growth (n/t) - LJ - 11/2/2004 5:34:42 PM
        
        re: Two can play that game: How many people retired or went into business for themselves during the same period? (n/t) - Scott Evil - 11/2/2004 5:47:16 PM
        
        Guess you're counting the guys on the corner with signs "Will Work For Food" as self-employed. (n/t) - Art Martin - 11/2/2004 10:44:23 PM
        
        And don't forget the squeegee kids! (n/t) - LJ - 11/2/2004 11:30:12 PM
        
        6 (n/t) - Bowser - 11/2/2004 9:04:31 PM
  - I'm a Democrat voting for Bush (I'm also a Reagan hater) (n/t) - Gary - 11/2/2004 4:20:03 PM
  - What planet are you from? - Lindy - 11/2/2004 2:33:08 PM
    - Bush is the Mastercard preznit........ - Publius - 11/2/2004 3:26:50 PM
      - re: Does that $84,000 figure include home mortgage debt? - Scott Evil - 11/2/2004 4:54:00 PM

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