Hennessy's View

Domine, non sum dignus

What’s Your FICA Score?

Your FICO score is a number between 380 and 820 (or something like that) that banks use to determine your credit worthiness. The higher your FICO score, the better. But that’s not what I’m talking about here. I’m talking about your FICA score. Your FICA score is the minimum payment on your federal loan. You didn’t know you had a federal loan? You do. If you’re 18 years old, you owe the federal government about $46,000. Read more →

Jefferson on Debt

With the debt ceiling negotiations closing in, it’s worth looking to Thomas Jefferson. Jefferson was very opposed to federal government borrowing. (He was less concerned with states borrowing.) What I love about the quote below is Jefferson’s concern for leisure time. “To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. Read more →