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If you increased debt in the past, interest on the debt then becomes a recurring expense. You then have to reduce spending relative to taxes, not only to pay th
by AnthonyMouse 2y ago
If you increased debt in the past, interest on the debt then becomes a recurring expense. You then have to reduce spending relative to taxes, not only to pay the interest, but to eventually pay down the principal if you ever want to stop paying the interest.
- blharr 2y agoEh, not necessarily. Inflation will eventually reduce the effective principal amount over time and you would stop feeling the effect of any interest