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Thread: What is a healthy debt/ income ratio?

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    Can a people tax themselves into prosperity? Can a man stand in a bucket and lift himself up by the handle?

    Churchill, 1904, Free Trade Hall, Manchester (cited in Langworth, Churchill: In His Own Words)
    A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.

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    can you use the bucket you cant afford to buy in full unless you can finance it while you use it to pay it off ?


    debt is a tool


    if you refuse that FACT you are dommed to poverty

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    you've been sold, and happily bought, a ticket to financial slavery to the government. it's their intent to keep as many people indebted to them as possible. it's the second best way to control them.
    A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.

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    Quote Originally Posted by evince View Post
    can you use the bucket you cant afford to buy in full unless you can finance it while you use it to pay it off ?


    debt is a tool


    if you refuse that FACT you are dommed to poverty
    I have no debt nor do I live in poverty. That's because I have no debt.

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    Quote Originally Posted by Alice in Liberaland View Post
    That sounds like a good plan. I am speaking in generalities. 30 years mortgages are a new thing. Debt was frowned upon to in the past. I would rather collect interest than pay it.

    The so called income tax deduction is a scam. Let's assume a 25% tax bracket. It is like paying me a dollar so you get a quarter back. It makes no financial sense.
    Actually, if the loan rate is at least equal to what your investment yield is, then it does make sense. But in today's environment, my yields are at least double my loan rate.

    Let's say I pay $1 in interest and FedCo lets me deduct that, so I effectively paid $0.75. The principle of my loan is made available to invest, and in this example it's double the rate, so I make $2. FedCo taxes you on that so you effectively made $1.50.

    It's called leverage. Any increase in value of my real property above that is gravy.
    Quote Originally Posted by wanderingbear View Post
    In the end who doesn't want freedom from responsibility?
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    They better convict Zimmy, or I may riot, and break up some shit.
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    I have always fantasized about murdering Massa while he slept.
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    Jefferson was a racist piece of dogshit as were most founding fathers.
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    I just bought a nice bottle of wine that DY's taxes paid for.
    Quote Originally Posted by blackascoal View Post
    ...you think we're just niggers.

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    What's your answer Desh? How much is too much huh
    Quote Originally Posted by wanderingbear View Post
    In the end who doesn't want freedom from responsibility?
    Quote Originally Posted by poet View Post
    They better convict Zimmy, or I may riot, and break up some shit.
    Quote Originally Posted by poet View Post
    I have always fantasized about murdering Massa while he slept.
    Quote Originally Posted by Topspin View Post
    Jefferson was a racist piece of dogshit as were most founding fathers.
    Quote Originally Posted by Howey View Post
    I just bought a nice bottle of wine that DY's taxes paid for.
    Quote Originally Posted by blackascoal View Post
    ...you think we're just niggers.

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    why


    you people are the ones screaming the debt is too high when dems are in office


    but you forget about it when republicans are in office

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    Bullshit. We hired Trump to get a handle on this, and are as loud about it now as any other time. What is your answer?
    Quote Originally Posted by wanderingbear View Post
    In the end who doesn't want freedom from responsibility?
    Quote Originally Posted by poet View Post
    They better convict Zimmy, or I may riot, and break up some shit.
    Quote Originally Posted by poet View Post
    I have always fantasized about murdering Massa while he slept.
    Quote Originally Posted by Topspin View Post
    Jefferson was a racist piece of dogshit as were most founding fathers.
    Quote Originally Posted by Howey View Post
    I just bought a nice bottle of wine that DY's taxes paid for.
    Quote Originally Posted by blackascoal View Post
    ...you think we're just niggers.

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    Quote Originally Posted by evince View Post
    thank your daddy and mommy
    Unlike you, I don't rely on them to support me.

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    Quote Originally Posted by evince View Post
    debt is a tool


    use a tool wrong and you and can lose your hand


    use it correctly and its like having a bigger stronger hand
    $20 trillion in debt, half of which was put on by your BOY, isn't using it correctly.

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    idiot


    you crashed the fucking car


    Obama had to pay to fix thaat broken car


    now why do you never scream about it when your fucks are running up debt

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    Quote Originally Posted by Alice in Liberaland View Post
    Look at the amortization table. Refinance to a 15 if you can afford it. The tax break loses its oomph over time.

    I am sure your financial guy is a good guy. But I suspect he reads the same books every financial advisor follows.

    I love the freedom of being debt free
    without major assests

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