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« God in the Cubicle: Why Aren't Quakers Talking More about Debt? | Main | Q&A: J. Brent Bill, Learning Spiritual Discernment »

May 29, 2010

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Jon

Maybe, but as I say elsewhere in a response to Earlene, millions of Americans took out loans with disastrous consequences. There used to be formulae that re agents drilled into consumers, like not obligating yourself to a PITI (principal, interest, taxes, insurance) on a house that's more than 25% of your income. I think the early Quakers had it right (see post on Q's and debt) -- there are spiritual as well as financial costs with debt that need to be recognized when we sign the forms.

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