To: The Magical Mischief Tour
Once you start borrowing to pay your operating costs - and current payments to pension beneficiaries are operating costs, not capital costs - you are sunk.
3 posted on
02/20/2011 1:30:50 PM PST by
Oceander
(The phrase "good enough for government work" is not meant as a compliment)
To: Oceander
Once you start borrowing to pay your operating costs - and current payments to pension beneficiaries are operating costs, not capital costs - you are sunk. Once government is thought of as the proprietor of wealth we all are sunk.
We are rearranging deck chairs presently.
19 posted on
02/20/2011 1:48:10 PM PST by
EGPWS
(Trust in God, question everyone else)
To: Oceander
You've got it. It's like making your minimum Visa payment with a cash advance on your Master Card. Wonder if any IL legislators will escape to WI?
22 posted on
02/20/2011 1:52:02 PM PST by
JPG
(As WI goes, so goes the nation. Thank you, Gov Walker.)
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