DEBT – No Longer a 4-letter Word?
This post is a guest contribution by Bennet Sedacca*, President of Atlantic Advisors Asset Management. “The national budget must be balanced. The public debt must be reduced. The arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn’t want to go bankrupt, people must learn to work, instead of living on public assistance.” - Cicero, 55 BC. Is Debt The New Equity? I have been negative on credit for what seems like