This is hardly the first time that outrage over welfare payments stretched the facts.
Today, the company has $9.2 billion in debt, which is a manageable 47percentt of total equity, and the payments stretch far into the future.
Lenders ought to think about offering new mortgages that have adjustments in the form of payment stretch-outs rather than jump-ups.
Banks are aggressively issuing credit cards, offering discounts and interest-free payment plans stretching up to 50 months.
Things to Ponder in Reassessing Debt A KNEE-BUCKLING car payment may have you thinking refinance, but unless you are sorely strapped for immediate cash, a new loan that lowers the payment by stretching the term may do more long-term harm than short-term good.
The 40-year loans reduce the payments by stretching them over a longer period, but the total amount buyers ultimately pay is higher.
But many auto refinancings do the opposite, lowering monthly payments by stretching out the term, and thus greatly increasing the total to be repaid.
The Postal Service and postal worker unions said Congress needed to fix the requirement by lowering the amount of the payments and stretching out the length of time needed to pay it.
At the same time, the city was planning to save money on its debt payments by stretching out its capital plan by a year, which would delay some projects.
One bill pending in Congress, co-sponsored by Mr. Carper, would lower the payment and stretch it out over a 40-year period.
For an evening dress, payments stretch to ten months, interest-free.Lowering the price thresholds for which instalment plans are available, and extending their length, may make sense in a recession.
