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<blockquote class="Quote"><div><strong class="bc-author">Horseleech</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">NomoreGarciaparra</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">Horseleech</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">NomoreGarciaparra</strong> said:</div><div>As a business owner you should be able to recognize that having a good year has value even if you don't decrease the overall debt your business has incurred in terms of long-time obligations. </div></blockquote>
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	Yes, I would recognize the value in that.<br />
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	I would also know better than to think I had a 'surplus'.<br />
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	When you own a business you can't afford to indulge in word games.</div></blockquote>
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	To suggest that doesn't matter is just peculiar.</div></blockquote>
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	<blockquote class="Quote"><div><strong class="bc-author">Horseleech</strong> said:</div><div>Yes, I would recognize the value in that.</div></blockquote>
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	To me you can't have a surplus until you have eliminated your debt. <br />
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	I'm surprised you don't see it that way, as Bush Jr was a perfect example of somebody who didn't understand that.</div></blockquote>
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	This is simply weird.  I don't know how your business is structured or if you own the buildings you operate out of, but what you're saying suggests a fundamental misunderstanding of economics and finance.<br />
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	As a lender I would look at a business according to their year-to-year profits.  I wouldn't say they didn't have a surplus if their annual income didn't exceed their long-term debts.  I would say they had a surplus if their annual income exceeded their expenses, including the debt service on that long-term debt.<br />
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	If we operated on your principles, commerce all over the world would grind to an immediate halt.  Very few businesses have an annual income that exceeds their long-term debt.  <br />
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	I don't know how much more clearly I can make this point, but what you're saying could not possibly make less sense unless you got unicorns involved.<br />
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	Add:  Dumbya's problem was actually that he didn't think the debt mattered at all, and that he though adding to the debt would increase revenues automatically.  Both thinks are untrue, and they're untrue in a way that when combined makes them especially toxic.  When you add in a fetish for deregulation and two unfunded wars you get 2008 and the Great Recession.

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