Is there any reason why I shouldn’t pre-pay stuff from bills to cars to major appliances to cruise vacations?I?
I figure Obama is going to tax me into the poorhouse, so why not spend the money now, and get the benefits before he can get the drop and just seize my assets to pay for somebody else’s health care or mortgage.
I own everything I have, from my house to my car to my clothes. I would incur no debt if I went from liquid assets to contracts to buy.
YES
CREDIT IS AN INSTRUMENT OF DEBT
IF YOU ARE IN DEBT TO THEM, THEY OWN YOU
Really depends more on if you believe deflation or inflation is more likely. If inflation sets in, you want to buy now. If the economy continues to deflate, save the cash. After all the deflation during the 30’s, those who had cash when it began recovering, had it made.