10.06.08
Means and Debt: Word for the Day
Means
resources, property, riches
Debt
something owed by one person to another: an obligation or liability to pay or return something
Something that has amazed me in this ongoing financial trouble in our country is the idea that businesses need to borrow money to make their payroll. Granted, I am not a business type person, but it just seems that if a business is run soundly, that they would have each payroll in reserve ahead of time. It just seems that a company isn’t on very sound footing if they have to borrow to pay their employees. But then, too many in America have the idea that living on credit is just a fine idea. Others understand that it is important to live “within your means.” When you get that monthy or weekly check from your employer, it is not really your money. The part left over after you pay all your bills is the part that is yours. You have already spent the other part and people are depending on you to pay up. As the definition of “debt” says, you have an obligation to pay.
