|
Madhunt Publishing Company
Madhunt
Publishing Company New
Tecumseth Free Press Online
To email: Tony Veltri . New Tecumseth Free Press Online welcomes and reads letters to the editor reflecting the diverse views of all readers. Letters on timely subjects of broad interest will be published. Letters may be edited for clarity, accuracy and brevity. We do not publish poetry, third-party or anonymous letters, or those signed with a pseudonym. We will however post letters without a name if warranted. For verification purposes, your address and daytime telephone number are required, although we do not publish them. We do not include the writer's email address,
unless requested to do so.
|
Interest on debt compounds the burdenPosted September 2, 2010to the editor, In his letter to the editor, Jamie Smith tell us "All of the long term debt has been borrowed for capital assets which will last a long time. Common sense dictates that they should be paid for over time by those who are using them." What's really silly is just servicing the interest on the borrowed money, that makes amortization period infinite. Lucky for us infinity is a very long time as well. Adam Hutchinson |