My head is spinning
I have always had the sense that being in debt is a bad thing. It’s much better to not owe anyone, work with available resources, and live within one’s means….
I have always had the sense that being in debt is a bad thing. It’s much better to not owe anyone, work with available resources, and live within one’s means.
But in a reply to one of my posts, it was suggested that the economy would not improve until borrowing increases.
Now, I understand the value of having a line of credit. But the idea that we cannot possibly live within our means just seems out of whack. If we cannot survive without borrowing that means that we are simply building debt. Is that not another bubble?
Sooner or later, that debt is going to have to be paid. How are we going to pay it if we cannot even earn enough to avoid having to borrow even more? On any scale, global, national or local, this seems to me like a really bad idea.
D.D.
David DeCristoforo possesses an extensive resume as designer/maker of fine furniture, high-end cabinetry and architectural woodwork. His experience in professional woodworking spans a period of 35 years. For the past 20 years David DeCristoforo Design has been located in Woodland, California. During this time David's shop has ranged in scope from a "full on" cabinet production shop with as many as 15 employees to a small fine furniture and custom millwork shop, working with his son, David RBJ, a highly skilled maker in his own right.