[SeekAndFind]

RE: So if I’ve been supplementing my cash flow by racking up an additional $10K in credit card debt every year, and my card is now maxed out, the credit card company will be overjoyed to increase my credit limit irrespective of my ability to pay - right? o.0

That IS how the world works, isn’t it?

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Of course the main difference is you can’t just pay your debts by using a printing press.

The government can.

[caligatrux]

Of course the main difference is you can’t just pay your debts by using a printing press. Actually, the main difference is that I am responsible for my debts with my assets, and he is not -- its not his debt and none of his assets are at risk. He can spend all he wants, and all it does is give him more low-info voters.