Quote:
Originally posted by bpj@Nov 21 2002, 11:53 AM
I wish I had a dollar for each time over the past two years that I've heard someone say, "Consumer spending has kept the economy afloat." I could probably pay off my mortgage.
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Is this Alan Greenspan talking? Please tell me I'm misunderstanding that Alan Greenspan has a mortgage
Quote:
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I tried to explain to them that the toaster they bought on their CC is now being paid off over 15 years.
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In reality, if they were making minimum payments on their CC, it still would have probably taken them 15 years to pay off their toaster - at a higher, non deductible interest rate. Of course, now they can lose their home if they don't make the payments, instead of just getting calls from annoying collectors
