you need to learn the difference between liquidity and solvency...
H/T to Green Mountains Homesteading for the above video
And from guest poster Dr. Robert Owens over at Lonely Conservative, A Principle for Peter in the 21st Century
The world is lining up to not buy our debt so we are buying it ourselves in a move we call by the innocuous acronym QE2, which is short for Quantitative Easing two. More traditional, or verbally honest, economists are calling this what it is: monetizing our debt. This is a move which has our creditors heading for the doors and our enemies smiling as poor old Uncle Sugar stands with his pockets turned inside out, a bewildered look on his face as he wonders, “Where did all flowers go?” read it all
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I never leave a balance on my credit card. I have one for private use and one for business. Makes it easier on me for taxes.
I believe we as a country should take in enought to pay for wars we get into. If a certain tax law allows you not to pay taxes for say, mortgage interest, that should be considered when we decide to build a bridge or pay an earmark. This stuff about making the tax breaks that were put into effect by GW's administration being extended. That's stupid. Any homemaker knows if you buy stuff you got to pay for it. No one should be able to manipulate the tax code to keep from paying any taxes. This includes corporations like Exxon and General Electric.
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