Quote by Simon Cowell

Whether they run a record company or a grocery store, every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now, not next year.

Whether they run a record company or a grocery store, every

Summary

This quote emphasizes the importance of responsible financial management and the negative consequences of excessive borrowing. It asserts that irrespective of the nature of the business, whether it is a record company or a grocery store, any prudent boss would warn against borrowing beyond one's means to repay. The quote suggests that deferring the burden of debt onto future generations is highly detrimental. It advocates for immediate action to reduce deficits rather than delaying the process to ensure a more sustainable economic future.

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By Simon Cowell

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