You are officially on a debt diet when you repitdly use phrase "Given the state of the economy...." or even simpler "I can't go out, I'm fucking broke."
Your budget constrains you to the essentials: Gas, Food, Weed. You have even backed off the dollar menu, because lets face it, even chicken nuggets are $1.19 at Wendy's now, and they charge for extra bbq sauce.
You have been reduced to eating salad, cold cuts and cereal, and live for free bagel Monday's at work.
Cigs? Forget it, you look for 2nd hand smoke.
You break down everything you do into dollar and cents.
"Hey lets go downtown tonight for drinks"
"What are you nuts!? 5 bucks a beer and 2.70 for a gallon of gas."
"I thought you were losing weight, I didnt know it was because of a debt diet!"
"i totally even forgot that it was Tuesday, no pizza for me tho, i'm spending as little as possible
i'm on debt diet"
"I haven't eaten solids in 2 weeks"
"Thats terrible for you, why"
"Fuck the south beach diet...I'm on the debt diet...CUP OF NOODLES BITCH"
Taken from the phrase year dot, year debt refers to a year when you've got lots of debt to pay back, especially after having a merry cashmas.
Man I had a fabulous Cashmas, but now I'm back to year debt!
Someone who spends countless amounts of money, yet never seems to run short of it. These people make loan sharks not even bother attempting to trick them into a miserable life of debt.
"How much spending money have you got, Ted?"
"And I thought people call you a big-spending frog because you're a rich fat guy."
Dixonomics is the economic plan of Adrian Dix, British Columbia New Democratic Party (BCNDP) Leader to spend massively beyond revenue without giving a plan to pay for the spending.
Dixonomics is like theater of the absurd - make massive promises to spend, then don't promise all the tax increases to pay for the spending.
Plastic passport to debt slavery. Let's face it, if you can't afford something by direct debit, does it make sense to take out a high interest loan for it? If you can't afford to pay for it now, will you be able to pay even more shortly later?
Madness! Credit cards lead to spiraling debt by encouraging a buy now, PAY through the roof later culture. Ease of use helps people forget that they're spending hard money, moreso than cash.
Can be ruthless in reclaiming spiraling debt, people have become bankrupt and lost house and home because of credit cards.
Often seduce impressionable people with an array of asthetic/colour options, promoting it as a fashion item to be flouted!
FACT: The collective personal debt of Britain is now around one trillion Pounds (£); that's greater than the entire external debt of Africa, Asia and Latin America combined! Talk about a credit card culture. The bubble will burst, with mass reposessions etc.
To spend money to "improve" or "pimp out" a worthless item such as a crappy car, dump of a house, or other such item. Usually done by spending more to upgrade an item than was paid for it but still not actually increasing the value of the item with these upgrades.
After Sam spent $1900 to pimp out his $300 rusted out, beat up, 1982 Celebrity all he got for his trouble was a gilded turd and credit card debt.
"My sister is a moron."
"She bought a $30,000 burnt out house in the worst part of town and spent $100,000 making it livable. Now she can't sell it because everyone who could afford it doesn't want to live anywhere near that part of town."
"Sounds like she's got a gilded turd on her hands."
|7.||cost cutter csar|
cost cutter csar: someone in charge for reducing excessive spending of previous organisations and unrealistic budget forcasts to bring debt and deficit under control
Cost cutter csar: many govt in debt have to wield axe to get the spending under control to prevent bankruptcy in the future and go to IMF with cap in hand for rescue as happenend in the past few decades ago and in recent times by various govts..