Alliedassault - View Single Post - Nobel Prize Economist says war is bad for the economy

c312 · 04-06-2006, 06:03 PM

well they may have paid their initial debts off, but often times they end up just taking out new loans to pay off the interest on their old loans, that's how they get stuck in debt, they constantly borrow to pay off what they borrow...

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c312 is Offline Command Sergeant Major Posts: 2,769 Join Date: Jul 2005 Location: Virginia	04-06-2006, 06:03 PM well they may have paid their initial debts off, but often times they end up just taking out new loans to pay off the interest on their old loans, that's how they get stuck in debt, they constantly borrow to pay off what they borrow...