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Don’t be foolish with money
Gary Sargent
Sep. 17, 2014 4:37 pm, Updated: Sep. 18, 2014 1:05 pm
Let's suppose you took a handful of money and used it to start a campfire. This would be a foolish thing to do, but at least you would have a campfire.
Use the same handful of money to pay interest on debt you have accumulated and you don't even get a campfire. You get exactly nothing.
The fastest growing segment of the federal government's list of expenditures is interest on the debt and the debt keeps growing. Draw your own conclusion.
Gary Sargent
Cedar Rapids
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