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If I stop paying rent for my apartment and interest for my loans I will make significant savings. For a few months, until the repo man shows up. Those "savings
by Y-bar 1y ago
If I stop paying rent for my apartment and interest for my loans I will make significant savings. For a few months, until the repo man shows up.
Those "savings", if they are correct (serious doubts have been raised about that) looks to me like a set of short-term gains for long-term pains.
- lesuorac 1y agoI don't think that's an accurate analogy. It's like if I stop commuting by car to work every day and rent a helicopter. I'm going to save a ton of money by selling the car and not buying gasoline. Of course I spent a ton of money with the helicopter method but we're not going to list _new_ expenses on the website are we?
- elevation 1y agoThe US spends twice what it collects in taxes, and has been doing so for so long that its ability to service its debts is mathematically jeopardized. Spending massively more than you make is just fine, until the repo man shows up.
- vel0city 1y agoSounds like maybe we should also increase revenues instead of also cutting those then, right?