The National Debt

Not many subjects are not only so misunderstood but filled with so many emotional, and often contradictory, explanations.  A good posting from Collaborative Fund on how this all really works.  On a related note, it does matter what you go into debt for.  Taking out a loan to buy a long term asset like a house is much, much different from, say, taking out a loan because you lost big in Vegas.

Who Pays For This?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s