Ernest Hemingway, if I remember correctly, cautions against money borrowing in “The Old Man and the Sea”, saying: “First you borrow. Then you beg.”
And before you know, you’re at your knees, and in thrall (bondage, chains).
Not at all an enthralling picture to entertain but you get the gist.
Here are media examples of people in hock:
1. Hillary Rodham Clinton owes small New York vendors more than $150,000 as part of a campaign debt that has ballooned to almost $9 million, her campaign filings reveal.
Trailing Sen. Barack Obama by millions in cash, Clinton is in hock to more than 20 Big Apple businesses. Included is an $18.42 Time Warner cable bill, as well as debts owed to the Manhattan Center, the restaurant Capitale and Verizon.
By holding off mom-and-pop campaign vendors, Clinton has been able to buy TV airtime to compete with Obama.
- SHE’S IN HOCK TO NY VENDORS, New York Post, August 31, 2009.
2. The Conservatives on Tuesday attacked Labour for being “in hock” to trade union backers, as attempts to prevent a strike by British Airways cabin crew failed to achieve a breakthrough.
An estimated half a million travellers could be hit by the industrial action, with a three-day strike starting on Saturday and a further four-day strike the following weekend...
The Tories have sought to politicize the BA-Unite dispute by suggesting Labour has failed to prevent the strikes because of its financial dependence on Britain’s biggest union, and highlighting the close relationship between Gordon Brown and Charlie Whelan, his former spin-doctor and now Unite political officer.
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