View Single Post
  #4  
Old 08-02-2011, 04:16 PM
Riot's Avatar
Riot Riot is offline
Keeneland
 
Join Date: Mar 2007
Posts: 14,153
Default

Quote:
Originally Posted by dellinger63 View Post
That's a fairytail. We always pay the interest on our debt and like a good credit card customer keep those balances at the limit even if the limit keeps going up.
Nope. No fairytail. You present a T-bill for cash, and it's cashed, with interest. You don't only get paid interest.

The last year we paid down our debt was right before Bush W. put us in the crapper. And I think his first year did, too.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
Reply With Quote