Friday, December 17th, 2010 at 1:45 pm
This can’t be true… can it? I better stop Savings for the increased cost of living coming soon, and consume now. Following that line of reason, I would soon be like the Federal Government, spending more than coming in, cause I don’t see wages Skyrocketing.
I listened to Panel of supposed Economists saying “We need to encourage those savings accounts to be spent into Circulation”.
I think it is backwards. The Government, rapidly becoming the largest , non-productive, consumer of Gross National Product, should stop SPENDING and and then watch their Revenues FLOW.