when is debt not debt

[Don Quixote]

a spokesman for the reps (rnc) said that the rnc is not in debt and was not in debt - because they have a line of credit to provide for shortfalls in income

is not dipping into a line of credit a debt that must be paid?

if not, where can i get such a marvelous thing

 

[uscitizen]

I guess the RNC is kinda like the financial sector. About 1 trillion of "bailout" from the fed reserve before any official bailout took place.

The RNC is however morally bankrupt.

 

[cawacko]

a spokesman for the reps (rnc) said that the rnc is not in debt and was not in debt - because they have a line of credit to provide for shortfalls in income

is not dipping into a line of credit a debt that must be paid?

if not, where can i get such a marvelous thing

easy, be worth lots and lots of money. We have clients with lines of credit they use to put positive leverage on properties they purchase. Because they put debt on a property does not mean the client themselves are in debt overall.

 

[uscitizen]

easy, be worth lots and lots of money. We have clients with lines of credit they use to put positive leverage on properties they purchase. Because they put debt on a property does not mean the client themselves are in debt overall.

is this the case with the rnc or just a strawman?

 

[cawacko]

I have no idea what you are saying citizen but i'll put 10-1 odds its something retarded.

 

[Don Quixote]

I have no idea what you are saying citizen but i'll put 10-1 odds its something retarded.

i'll translate - he wanted to know if that is what the RNC did or did they do something else