Quote by John Podhoretz

The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.

The problem is that borrowing money to pay back more borrowe

Summary

This quote is highlighting the issue of taking out loans to repay other loans, resulting in a cycle of increasing debt. It suggests that this practice is not ethical or financially sound. By borrowing money to repay existing debts, individuals or organizations become obligated to borrow even larger amounts in the future. The quote questions the validity and legitimacy of this approach, implying that it is not a desirable or reliable financial strategy.

Topics

Future

By John Podhoretz

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