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The concept of debt
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11-16-2006, 06:17 PM
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Hbkj89D2
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Originally posted by DanS
Let's put it this way. If you spent money on something frivolous, then it would be no better a purchase for having been paid from a flush bank account than if it had been paid by debt. If you're not going to repay that debt very quickly - which heavy debtors probably won't, then there'll be interest to pay - so its more expensive and hence worse.
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