What is a healthy debt/ income ratio?

[Minister of Truth]

Set up bi weekly payments. It is like one extra payment a year.

That's what I'll effectively be doing once I can afford to get my curtailments up high enough each month.

 

[DamnYankee]

What's your answer Desh? How much is too much huh

no surprise Desh ran from this

 

[Althea]

What's your answer Desh? How much is too much huh

Bullshit. We hired Trump to get a handle on this, and are as loud about it now as any other time. What is your answer?

First....trump never had a plan to 'get a handle' on debt. His plan has always been to quadruple the debt via unfunded spending. His tax cuts, if they ever go through, will destroy the budget...as Bush did.

If you are concerned about 'entitlements', something you erroneously claim is the leader of our debt, then perhaps the wealthiest in the nation should start contributing to Medicare/SSI/Medicaid?

There is no need for you to refi to a 15 year note. You are correct about the correlation between the interest you pay, and what you are earning (temporarily) on your investments. But, if you want to increase equity, and shorten your mortgage burden/save on interest, simply make payments toward principal when you have a few bucks.

 

[Althea]

Debt is useful during a recession, doesn't make any sense to run one now though. We should increase taxes to whatever level necessary to balance the budget. Current levels are unrealistic and have political motivations, Republicans give money away through tax cuts in exchange for votes.

On a national level, I agree. Debt should be paid via increased revenue. There are myriad ways to do that, but those who own Congress will never allow it.
On a personal level, debt is a great thing for the economy. When used properly, it drives an economy that would stagnate if the calls for 'cash only' by the fools here were applied.

 

[DamnYankee]

First....trump never had a plan to 'get a handle' on debt. His plan has always been to quadruple the debt via unfunded spending. His tax cuts, if they ever go through, will destroy the budget...as Bush did.

If you are concerned about 'entitlements', something you erroneously claim is the leader of our debt, then perhaps the wealthiest in the nation should start contributing to Medicare/SSI/Medicaid?

There is no need for you to refi to a 15 year note. You are correct about the correlation between the interest you pay, and what you are earning (temporarily) on your investments. But, if you want to increase equity, and shorten your mortgage burden/save on interest, simply make payments toward principal when you have a few bucks.

What's your answer to the OP question?

 

[Cancel 2018.1]

you've been sold, and happily bought, a ticket to financial slavery to the government. it's their intent to keep as many people indebted to them as possible. it's the second best way to control them.

Agreed. What's the first?

 

[Cancel 2018.1]

I have no debt nor do I live in poverty. That's because I have no debt.

Same here. The reason I have no debt and am prosperous is because as long as I had debt I lived like a roach. something called delayed gratification. But actually I was happy while paying off that debt while living in poverty, maybe that's why I was able to pay it off relatively easily.

 

[CFM]

Same here. The reason I have no debt and am prosperous is because as long as I had debt I lived like a roach. something called delayed gratification. But actually I was happy while paying off that debt while living in poverty, maybe that's why I was able to pay it off relatively easily.

Even when I had debt, I didn't live in poverty. I paid it off because I didn't want debt not because I was poor.