Page 91 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
P. 91
How Republicans manage a budget. The Republicans tend to borrow and
spend. They want to expand the economy by flooding the money supply
with funny money via debt. It’s almost like flooding the economy with legal
counterfeit money. Again, extra money looks like an increase in income,
but in reality it is an increase in debt in the form of T-bills and bonds, which
ultimately diminishes the prospect of a surplus. Many in the middle class do
the same thing by using their home as an ATM. Every time their home
increases in value, primarily due to the dollar’s losing value, they borrow
from their home to pay off credit card bills.

