March 19, 2009

Americans are huge debtors, so we don`t have the money to spend

Its great if you take a trillion dollars from one pocket and put it in another pocket. If you own the pocket where the trillion dollars enters, you think this is wonderful.

But the trillion has to come from somewhere and you have to borrow it, tax it or print it. Unfortunetely americans are huge debtors, so we don`t have the money to spend.