From the way the term is used I gather it means whatever the pundits feel sounds good at that moment.
John Thornton
Peter Ward wrote:
> What is "one's means" exactly? The sum of what one can cadge?
>
>
>> Date: Tue, 23 Dec 2008 15:36:48 -0600
>> From: jthorn65 at sbcglobal.net
>> To: lbo-talk at lbo-talk.org
>> Subject: [lbo-talk] Living beyond one's means
>>
>> In the last few hours I've read more sympathetic coverage for
>> Rene-Thierry Magon de la Villehuchet than I've read for the tens of
>> thousands of defaulting home owners "trying to live beyond their means".
>> //Villehuchet's investment was apparently leveraged 150%.
>> I've yet to read anyone excoriating Villehuchet for trying to live
>> beyond his means, rather he's respected and honored for his humanity,
>> kindness and generosity.
>> That bit of moral failing is apparently reserved for the working class.
>>
>> John Thornton
>>