Sam <[email protected]> wrote: > > Are we better off for our $billions spent? > What of the European countries that followed our lead? >
Different question. Anyway, think of it this way: You and your wife both work and decide not to save for whatever reason. Now my advice was you should save, but you decided not too. Well, that's the USA right now. Now let's say you both lose your jobs; with no savings you have 2 choices: (1.) Austerity, i.e., cut government spending. You can sell stuff, including your house, your clothes etc. That might help your balance sheet but it doesn't do shit for growth. That is, it's going to be real tough to find a job with no house and no suits. (2.) Credit. You borrow and invest: you buy new suits, get training, go to school, etc. That is, make investments for growth with credit. Obviously the correct answer is #2. The Europeans (Greece, Ireland, UK) have selected option #1. If that was the correct option they should be booming now, especially Ireland. Well ... they isn't. Now it's our choice. Still want option #1? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336212 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
