Saints fired Dennis Allen

kcirdor said

The Problem lies with the strategy. I just got my check, paid all my bills, emptied my savings and maxed out my credit cards for the next 6 months... my house flooded. Cant pay my deductible.. im forked. Cant borrow off the equity of my house cause my cards are maxed.... and my credit is forked.

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I’ll play along…

For this analogy to apply properly, you’d have to say that you have almost unlimited credit for the next five years that you can access at all times and go over the spending limit for each of those years, but you simply have to pay the bill at the start of each year. 🤓

There is a lot I don’t agree with with Mickey, but I am fully convinced that he is right in that the accounting strategy criticism is way overblown and based on external misconceptions.