Matthew Duncan Posted July 14, 2011 Posted July 14, 2011 (edited) I maxed out my credit card so I called the issuer and told them to up the limit. Then I walked into my Boss's office and demanded a pay raise. I've got to be able to pay my bills or the recovery will flounder This works for Federal government so I don't understand why the credit card company and my boss just laughed at me! Why can't I spend more then what I bring in too? Edited July 14, 2011 by Matthew Duncan Quote
Rye Miles #13621 Posted July 14, 2011 Posted July 14, 2011 I tried that too but I'm self employed! Quote
Trigger Mike Posted July 14, 2011 Posted July 14, 2011 I maxed out my credit card so I called the issuer and told them to up the limit. Then I walked into my Boss's office and demanded a pay raise. I've got to be able to pay my bills or the recovery will flounder This works for Federal government so I don't understand why the credit card company and my boss just laughed at me! Why can't I spend more then what I bring in too? It just is not fair at all is it? here's a question. If you TRULY lower your spending, why do you need a debt increase? Remember, the bonds that are maturing are paid for by issuing new bonds, thus if you in REALITY lower your spending, and refinance what debt is maturing, then you don't need a debt limit increase. This is especially true since any long term debt that is maturing now is likely paying a higher interest rate than the new bond will be. A few years ago a 30 year bond paid 7 1/2 %, so any of that maturing now and refinanced will be refinanced at 4.3%. Quote
Whiskey Business Posted July 14, 2011 Posted July 14, 2011 You would fit right in as a congressman. Quote
Matthew Duncan Posted July 14, 2011 Author Posted July 14, 2011 You would fit right in as a congressman. No need to insult me! Quote
Gawd Awful Posted July 14, 2011 Posted July 14, 2011 No need to insult me! In his defense a congressman wouldn't even notice the laughing enough to ask why it happened Quote
Marshal Mo Hare, SASS #45984 Posted July 14, 2011 Posted July 14, 2011 I was going to open up a bank so I could issue myself a credit card but then I realized that that would be the same a lending and I definitely would not give myself a loan. Quote
Marshal Dan Troop 70448 Posted July 14, 2011 Posted July 14, 2011 (edited) Don't see no problem with your credit company increasing your limit. What you can't pay, we'll just make those that have excess, pay more against your debt. Also, have you tried getting a loan? No need to pay it back. Surprised with all the free money available you haven't applied for your fair share. Money is being printed on a daily basis. MT Edited July 14, 2011 by Marshal Troop, SASS #70448 Quote
Jittery Jim Jonah, SASS #64913L Posted July 14, 2011 Posted July 14, 2011 It just is not fair at all is it? here's a question. If you TRULY lower your spending, why do you need a debt increase? Remember, the bonds that are maturing are paid for by issuing new bonds, thus if you in REALITY lower your spending, and refinance what debt is maturing, then you don't need a debt limit increase. This is especially true since any long term debt that is maturing now is likely paying a higher interest rate than the new bond will be. A few years ago a 30 year bond paid 7 1/2 %, so any of that maturing now and refinanced will be refinanced at 4.3%. cuz even with the proposed cuts they are STILL spending more than they bring in.... HALF of the total $$ the feds bring in each month goes JUST ta pay the debit service, if they raise the debt limit this amount goes UP. JJJ-D Quote
Chickahominy Charlie Posted July 14, 2011 Posted July 14, 2011 I maxed out my credit card so I called the issuer and told them to up the limit. Then I walked into my Boss's office and demanded a pay raise. I've got to be able to pay my bills or the recovery will flounder This works for Federal government so I don't understand why the credit card company and my boss just laughed at me! Why can't I spend more then what I bring in too? While your at it, why don't you give away a bunch of your money to other people....you know, the one's who talk about you behind your back and really don't like you. Chick Quote
Trigger Mike Posted July 14, 2011 Posted July 14, 2011 I was going to open up a bank so I could issue myself a credit card but then I realized that that would be the same a lending and I definitely would not give myself a loan. why not? our federal reserve buys our own debt (gives itself a loan basically) to keep interest rates down artificially to cause inflation Quote
Dirty Dan Dawkins Posted July 14, 2011 Posted July 14, 2011 I tried that too but I'm self employed! If your like me, it's self-unemployed. Quote
Buffalo Creek Law Dog Posted July 15, 2011 Posted July 15, 2011 We are watching this up here with baited breath (whatever that is). Hope they make the right decision, if not, they say that it will have the ripple effect across the world. They say that if the U.S. defaults, the world will sink into a recession and inflation will rise dramatically and U.S.currency will turn into the equivalent of Confederate money. Hope they are wrong. Fingers crossed. Quote
Gunner Gatlin, SASS 10274L Posted July 15, 2011 Posted July 15, 2011 Same boat here MD pard GG ~ Quote
Allie Mo, SASS No. 25217 Posted July 18, 2011 Posted July 18, 2011 While your at it, why don't you give away a bunch of your money to other people....you know, the one's who talk about you behind your back and really don't like you. Chick comment, Chick! Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.