12-03-2004, 01:56 AM
whyBish,Dec 2 2004, 06:30 PM Wrote:The following link gives some comparisons between the US and other OECD countries in terms of Central Government Debt
http://cs4hq.oecd.org/oecd/eng/TableViewer...ReportOnly=True
On the issue of flexibility I would have thought that the decision to take on more debt would be the standard profit analysis, will this X amount of debt be used towards something with a rate of return higher than the interest rate on the debt? Toomuch debt would not only hamper flexibility, but result in higher average cost, but the flipside is that too low a debt means profitable opportunities may be going missing. Of course, it is all just poking fingers in pies, since I guess many programs are not weighed up by governments on profit basis, but on political ones.
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The missing question seems to be "can this debt be paid back?". For home mortgages and al that, I don't think smarter people on this take out loans without thinking of how they will get paid back.
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The gloves come off, I'm playing hardball. It's fourth and 15 and you're looking at a full-court press. (Frank Drebin in The Naked Gun)
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The gloves come off, I'm playing hardball. It's fourth and 15 and you're looking at a full-court press. (Frank Drebin in The Naked Gun)
Some people in forums do the next best thing to listening to themselves talk, writing and reading what they write (source, my brother)