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Hilarious: Biden Works the Room at Swearing in Ceremony

191
dog philosopher ஐஒஔ௸1/04/2013 1:59:56 pm PST

re: #186 kirkspencer

Yes.

Which is why it’s better to compare us to business than to a family, because businesses have this accounting line for long term liabilities. If you don’t break them down they look like one loan that goes on forever - the principle. If you get into the full audit you see each loan gets paid off on time.

Of course if you go into that mode you have to start accurately determining assets, and you have to account for the money you left on the table (discounts/tax breaks), and all that sort of thing that makes it look better.

shhhh!

wingnuts are not allowed to know that large successful corporations often maintain large amounts of debt