Would You Lend Money To This Family?

[Obama 2012 1,714]

I like this version better:

Imagine your house is burning. You call the fire department but your call isn't answered because every fire fighter in town is debating whether there will be enough water to fight fires over the next ten years, even though water is plentiful right now. (Yes, there's a long-term problem.) One faction won't even allow the fire trucks out of the garage unless everyone agrees to cut water use. An agency that rates fire departments has just issued a downgrade, causing everyone to hoard water.

While all this squabbling continues, your house burns to the ground and the fire has now spread to your neighbors' homes. But because everyone is preoccupied with the wrong question (the long-term water supply) and the wrong solution (saving water now), there's no response. In the end, the town comes up with a plan for the water supply over the next decade, but it's irrelevant because the whole town has been turned to ashes.

http://www.huffingtonpost.com/robert-reich/double-dip-recession-economy-credit-downgrade-_b_921014.html

the difference being the water is there at the end of the day, whereas the money is not.

[IR5FORMUMSIE 850]

the difference being the water is there at the end of the day, whereas the money is not.

Nonsense.

[Mr. Big Dog 10,747]

I'm assuming the good year was due to bonus/commission.

Maybe he just managed to sell an asset at the height of the bubble...

[mawilson 2,133]

I'm assuming the good year was due to bonus/commission.

[Zero Sum 305]

Lending money to almost anyone- even some family, these days requires an enforceable contract that guarantees repayment according to set terms. Default need not include murdering the debtor, and could include a modest alternate repayment plan if the creditor takes it soft on the debtor due to context and circumstance. Sleep better at night knowing this. Be less angry about it.

[mawilson 2,133]

Lending money to almost anyone- even some family, these days requires an enforceable contract that guarantees repayment according to set terms. Default need not include murdering the debtor, and could include a modest alternate repayment plan if the creditor takes it soft on the debtor due to context and circumstance. Sleep better at night knowing this. Be less angry about it.

I guess you missed the part where "this family" is the US government?

[Zero Sum 305]

I guess you missed the part where "this family" is the US government?

Yes I missed that. This is why I don't address the 'article' and quite clearly state the intended lender (me, you, etc) and the intended debtor (me, you, etc), as answerable to the subtitle in the thread.

[slim 1,514]

Nobody has problems with comprehension here. Or did you forget?

[Zero Sum 305]

Nobody has problems with comprehension here. Or did you forget?

Its only a problem if you don't read the clear language used to write.