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Squire James

@embarqhsd.net
reply to atuarre

Re: Verizon

True, debt itself is not good or bad. It is stupid. Some stupidity in one's life is inevitable (especially if you want to own a home) but one shouldn't actively encourage it!

Just remember... the more debt everyone has, the more powerful those who hold the debts become! Now remind me why the big banks got that big bailout?

openbox9
Premium
join:2004-01-26
Germany
kudos:2
said by Squire James :

True, debt itself is not good or bad. It is stupid. Some stupidity in one's life is inevitable (especially if you want to own a home) but one shouldn't actively encourage it!

Debt is a viable/valid part of any corporation's capital allocation plan. Even the all mighty Apple tapped the debt markets recently. Not out of need, but because it was the smart thing to do. To claim debt is stupid, is ignorance, plain and simple.

silbaco
Premium
join:2009-08-03
USA
Not when you have debt coming due and can't afford to pay it back.

openbox9
Premium
join:2004-01-26
Germany
kudos:2
Rates are still historically low. Roll the debt over.