Still, the best defense is a good offense when it comes to avoiding debt problems.
The second-generation triumvirate have pulled this off by emulating Larry Tisch's strengths: picking undervalued properties, avoiding debt and caring more about cash accumulation than net income.
People also have become smarter about managing the risks of potential investment losses and avoiding unsustainable debt levels.
And the firm can replace them with aircraft that it leases through a subsidiary in Ireland, avoiding adding more debt to its books in Seoul.
In fact, by retiring part of the public debt, it strengthens our economy in exactly the same way that reducing the budget deficit, and avoiding the accumulation of debt, has helped the economy over the last six years.
Yet it keeps its stakes in the bottlers below 50%, thereby avoiding getting hit with their piles of debt and any unpleasant liabilities.
Many individual investors are also cautiously watching Washington to see what will be done about avoiding the fiscal cliff, reducing the debt and aiding stronger economic growth.
Accordingly, while returning to earmarks may mean a return to wasteful spending of taxpayer money on projects that bring no benefit to the nation as a whole, it could also mean saving even more money than is wasted by avoiding the financial setbacks that come with endless debt ceiling debacles and fiscal cliff fumbles.
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Avoiding unreasonable expansion of the annual budget deficit and national debt, recognizing that both are as destructive as an adventurous stock market game.
First, the discipline imposed by the debt rule would have to bite gradually, rather than all at once, allowing time for corrective action, and avoiding sudden rollover crises so the plan calls for overlapping tranches of short-term debt.
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