2009-03-28 — mybudget360.com
" Last month the savings rate hit the 5 percent mark. That makes two months over 4 percent and for the first time in a decade that Americans have actually saved more than 4 percent for two consecutive months. Saved 4 percent of what? Of their personal income. You would think that most people would be saving a little bit of money but that has not been the case. "
DaveDuncan at 20:18 2009-03-28 said:This article is on the money. We, as Americans, have overspent. Not just "overspent", but overspent beyond our means. So now it caught up with us and we're tightening up and trying to spend less and save more. But our government has to keep the spending machine going, so now IT is spending our money. And why? To feed its own power base. If spending is high, tax revenues are high. Government gets to grow and so do the incomes and power of those who run it. Government officials are now our "greedy CEOs" - corrupt and spending beyond their means. And when the next "bust" comes because of THEIR overspending, what happens then? The party is over. Bankruptcy for the entire country. Ownership of the U.S.A. by another country that knows how to save. We will be owned, run and operated by someone else. Freedom, as we know it, will be a part of history. Convince me that I'm wrong. I'd like to feel better about things. Permalink
tvsterling at 21:14 2009-03-28 said:If profligate spending, a real moral hazard, is the only way we can survive & even modest savings, obviously prudent, are seen as our downfall we have already lost more than just our money. The limolizards are metamorphosing into harpies that will hound us into hell. Permalink
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