This statement made me pause. Now, I don’t care if you support this massive monster of a mistaken bailout or not … the notion that companies must have credit to pay their bills and therefore employ you is the height of ridiculous. As a matter of fact, I’ve never worked for a company who used a business line of credit to pay their employees.
I work for a company that has exactly $0 in debt. We have 11 branches in 8 states and well over two thousand employees. We own every building we’re housed in. We own every piece of office equipment and every company vehicle outright. The owner of our company is a first generation immigrant to the United States. He built our company from the ground up… from one truck and to the corporation it is today, without one penny of debt.
Every sound financial principle that is written about your household finances can be applied to every business in the world. Spend less than you earn. Save up for the things you want. Put your money to work for you. Never pay interest!
I am reading the newspapers and listening to the news and watching the debates, just like most of the rest of the world. And, while I’m worried about how things are going to be happening in the short term, I have some serious comfort in the fact that the company I work for isn’t struggling to make payroll or keep the lights on or provide necessary equipment. I may not agree with all of the policies at my job, but it’s definitely fiscally responsible.