Reason 2.
Whether it be the credit reporting bureaus or the Gov't determining the time frame creditors / collection agencies are required to report delinquent accounts etc., I am going to look at the Gov't dynamic (for that is what I have been told, that the Gov't controls such).
If anyone reading this blog is a politician, wanna-be or running, if the theory stands that an individual shall be held accountable for perceived "fiscal caution" for a period of no less than 7 years following such event, I would then conclude that it is therefore not possible for one's decisions involving fiscal commitments, indebtedness, etc. within that timeframe to have any real impact on the individual's "fiscal risk profile". Answer then why I should believe I should vote for your fiscal decisions when you will only have 4 years? If any time period less than 7 years is an inadequate amount of time to credit fiscal improvement, how can you possible have an impact in 4?
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