Comments by "gary K" (@garyK.45ACP) on "SAVE THOSE RECORDS: GOP rep responds to bombshell allegations against Blinken" video.
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@barbarahazelwood2186 And how would having debt make that better?
What forces you to work hours and hours more at a job you don't want to be at? Debt? Or the government?
The government cannot tax money saved from not having to earn income to pay debt.
I saved $171,000 in interest by paying off my house early. That means I do not need to earn...and pay tax to the government... that much money. The higher the interest rates go and the higher the taxes on income go...the more I save. The "Fed", the government, raises interest rates. Doesn't affect me.
How much money would I have to earn, pay taxes on, save and invest to have a return, after taxes on that investment that I already paid taxes on, to equal $171,000? How many hours would I have to work to earn that money, instead of going fishing?
And the savings are guaranteed, the investment and earnings are not. And that's just the interest. And that's just the house. And my mortgage was rate was very low compared to what it is now. Mortgage rates now are about double what I was paying.
Debt makes you a slave to the debt.
One of the strangest things to me was that calendar dates no longer meant anything. The 1st of the month was no different than the 11th or 23rd. Now...a bill comes, we pay it. Same day. Whatever day that is. Doesn't matter. What's the due date? I don't care.
The government cannot make you a slave.
Debt absolutely does.
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