The Mudcat Café TM
Thread #148981   Message #3464710
Posted By: MarkS
11-Jan-13 - 05:20 PM
Thread Name: BS: debt limit. can nybody explain why
Subject: RE: BS: debt limit. can nybody explain why
Hey Bobert - One minor nit to pick

If a company goes public and sells you a share of stock you are giving them money in exchange for a piece of the ownership. No debt.

If a company sells you a bond - then you are giving them money in exchange for a promise to get paid back with interest later - and that one is the debt.