The morning news:
The administration and the Federal Reserve rolled out two new programs Tuesday that would provide up to $800 billion in an effort to get more loans flowing in such critical areas as mortgage lending, credit cards, auto loans and small business loans.
Translation: subversives who pay for their stuff are to blame for the depression. Patriots max out the Visas and, every year or so, go nothing down, six years to pay, for new wheels.
Lord Polonius:
Neither a borrower nor a lender be;For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
Dad phrased it more elegantly once when I borrowed for a motorcycle I didn't need. "Dumb s--t."
(I paid off the bike. Had to because in those primitive days all us neanderthals thought it was better to be out of debt than in.)
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