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From an Entrepreneur, from someone who knows business by starting a business with NO money, with no up front capital, with NO loan that would on the short term enable one to start a business but on the long term strap into debt, that which should not have been a “debt.”
Now lets talk about Debt, and the Ceiling whose Myth is about to be exposed. The Ceiling simply states, this is all the cash I have to operate with. Yes, if you cash flow does not equal your expenditures then the check you write with no money behind would bounce. The Alternative is not to pay all of your bills, or to pay the bills in increments as to stay within your “Debt ceiling” or your ‘affordability Quotient.” What does this mean, when a Bill the United States Government does not pay.
It is important to note first, that the United States is the WORLDS Best CUSTOMER to everyone, every business, every municipality, country, Government etc.
Question. When you best customer does not live up to its terms of payment you will
The degree to which we have Media having no clue on the fundamentals of business is actually pretty scary.