Judge Jury & Executioner

Of course you do. For the grasshopper, it is always summer. And always will be.

 

And for the doomsayer the world is always going to end "soon".

 

I'd be interested to hear AAA's explanation as well.

If I was in debt to the tune of roughly three times my annual income I'd certainly consider myself broke.

 

No, you mean the ant. The ant diligently works to be prepared for the coming winter.

Keep playing in the field, though, little grasshopper.

 

He's turning more into a Keynesian, it would seem.

 

People do that everyday with a mortgage, pukie.

 

You're using the wrong story as analogy. Ants and grasshoppers experience winter every year, and they both die (except the queen). The US has survived a lot of winters.

 

Pukie? lol...

Taking out a mortgage to afford a home you cannot buy in cash is not Keynesian. The Keynesian equivalent to your analogy would be saying "well, I can't afford the mortgage I'm in currently, so let me take out a HELOC to cover those payments."

Debt is not bad. Too much debt is bad.

 

You're being literal. The story is a parable, "pukie".

 

No I'm not, I said your use of the story is as analogy.