Thursday, May 25, 2006 3:06:55 PM
Debt free is the way to go. I had to make sacrifices for a while, but now I am able to enjoy zero debt. My car is paid off, I just bought my wife a new car for cash (a Civic), and even the house is paid off. It is wonderful living without the burden of debt.
Meanwhile, the U.S. has a huge government deficit, trade deficit, increasing entitlements such as Social Security and Medicare, mortgage debt, and credit card debt. All this debt is for an economy that cannot even produce consumer products and must import a large percentage of the oil it consumes. Long term, I do not think this is sustainable.
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