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To: bruinbirdman

Magic forumula for prosperity to occur: you need to work, save, then spend.

US is on the spending part. US do not produce or save enough for the spending to continue. US spending is relied totally on borrowed money. As long as they could borrow money, they could spend. It is drawing near that even borrowed money is not enough, so now US is simply printing money to spend.

WAY too many economist on the left and right, think as long as they keep the spending going, all is well. They’re wrong


2 posted on 03/05/2010 1:41:40 AM PST by 4rcane
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To: 4rcane
The US is producing 4 times what China does. With a quarter as many people.
13 posted on 03/05/2010 3:41:17 AM PST by JasonC
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