On paying down debt

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Post #131,617 by ben_tilly 12/19/03 10:41:12 PM Reply	On paying down debt The more that you pay down, the easier it becomes to pay down. In fact keeping it growing slower than inflation is enough to get this virtuous cycle started. Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]
Post #131,618 by jake123 12/19/03 10:42:32 PM Reply	Yes The rate of debt retirement has accelerated in recent years, though with SARS, mad cow, and the fact that a substantial portion of the US has become pissed at us for not participating in Iraq has put a dint in it. However, the magic of compound interest works in both directions... --\n-------------------------------------------------------------------\n* Jack Troughton jake at consultron.ca \n [link\|http://consultron.ca\|http://consultron.ca] [link\|irc://irc.ecomstation.ca\|irc://irc.ecomstation.ca] \n Kingston Ontario Canada [link\|news://news.consultron.ca\|news://news.consultron.ca] *\n-------------------------------------------------------------------
Post #131,688 by lincoln 12/20/03 10:44:13 PM Reply	Re: On paying down debt In fact keeping it growing slower than inflation is enough to get this virtuous cycle started. That's what Clinton tried to do, and look at how he gets treated for it (including here). lincoln "Windows XP has so many holes in its security that any reasonable user will conclude it was designed by the same German officer who created the prison compound in "Hogan's Heroes." - Andy Ihnatko, Chicago Sun-Times [link\|http://users3.ev1.net/~bconnors/resume.htm\|VB/SQL resume] [link\|http://users3.ev1.net/~bconnors/tandem_resume.htm\|Tandem resume] [link\|mailto:bconnors@ev1.net\|contact me]
Post #132,725 by ben_tilly 12/30/03 3:31:24 AM Reply	Clinton didn't recognize a windfall He had huge one-time income from a boom that was not sustainable. His budget planning assumed that this would go on forever. Balancing his budget while counting on non-sustainable revenue was stupid. The California government made the same mistake, only worse. A piece of advice. Any large one-time source of revenue (inheritance, lottery, etc) should be treated as a small fraction of its face value. Because the best that you can do with it is invest it and take off a small fraction of the earnings each year. The worst thing that you can do (also the most common) is to expand your lifestyle to one which can only be sustained if you repeatedly get large cash infusions. When those fail to materialize, you wind up worse off than you were before. Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]

Schwarzenegger declares crisis, invokes emergency powers - (lincoln) - (19) - Dec. 19, 2003, 12:50:36 PM EST

Had to do something - (Simon_Jester) - Dec. 19, 2003, 01:38:26 PM EST

First statement: - (deSitter) - Dec. 19, 2003, 02:08:26 PM EST

wow - (SpiceWare) - (12) - Dec. 19, 2003, 02:31:18 PM EST

This is common in the states - (tuberculosis) - (1) - Dec. 19, 2003, 02:52:35 PM EST

not for California - (SpiceWare) - Dec. 19, 2003, 03:31:42 PM EST

Come to Canada - (jake123) - (9) - Dec. 19, 2003, 05:02:10 PM EST

What if I do? - (deSitter) - (2) - Dec. 19, 2003, 05:27:22 PM EST

I don't think that will fly - (jake123) - (1) - Dec. 19, 2003, 10:26:35 PM EST

exactly - (deSitter) - Dec. 19, 2003, 10:31:01 PM EST

Balanced budgets are sometimes a really bad idea - (ben_tilly) - (5) - Dec. 19, 2003, 08:27:37 PM EST

Exactly. - (jake123) - (4) - Dec. 19, 2003, 10:23:44 PM EST

On paying down debt - (ben_tilly) - (3) - Dec. 19, 2003, 10:41:12 PM EST

Yes - (jake123) - Dec. 19, 2003, 10:42:32 PM EST

Re: On paying down debt - (lincoln) - (1) - Dec. 20, 2003, 10:44:13 PM EST

Clinton didn't recognize a windfall - (ben_tilly) - Dec. 30, 2003, 03:31:24 AM EST

next up: annex Sudetenland, invade Poland -NT - (rcareaga) - (2) - Dec. 19, 2003, 02:38:43 PM EST

Invade Washington State - (cwbrenn) - (1) - Dec. 19, 2003, 04:43:15 PM EST

Hell, it's sort of been proposed... - (inthane-chan) - Dec. 19, 2003, 05:16:40 PM EST

This will make up for the taxes he killed? -NT - (Silverlock) - Dec. 19, 2003, 03:54:13 PM EST

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Why do you ask me? You know I cannot do this thing anymore with the bugs.
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