Thursday, June 11, 2009

"Money, Money, Money, Money!"


"MONEY!"

Words.

"Suppose Americans begin living within their means. Will this marvel complicate the nation's biggest domestic challenge, the task of achieving and sustaining the rapid economic growth necessary for generating revenue to fund pension and medical entitlements for an aging population?

...During recent periods of strong growth, 70 percent of economic activity has been personal consumption. If Americans' new sobriety -- more saving, less spending -- survives the first tantalizing green shoots of recovery, can the recovery continue?"

  • THE WASHINGTON POST: Recovery, Meet Sobriety
  • No comments: