08-14-2012, 12:32 PM
(08-14-2012, 11:23 AM)Jimbone Wrote: The scariest number in those charts is the fact that we borrowed 43% of the revenue needed to operate.
Imagine running your house or business like that.
Many companies operate kind of like that, they have a credit account at the bank that constantly changes, money goes in, money goes out there is never an overdraft. Schools do it all year. Not at 43% but usually at 12-20% sometimes its for payroll or insurance. Companies that do better at certain times of the year like a skiing school or resort. It is paid back with interest and they do not go under. With the government its "the skys the limit" approach because as a business the government is a monopoly in most aspects.
He ain't heavy, he's my brother.