Viper1 on 03 March 2010
Oh yeah...let's borrow hundreds of billions, print hundreds of billions, artificially inflating the economy and call it growth.
No, it doesn't remain to be seen as it is directly the result of the influx of more borrowed and printed money.
You can't have a recovery without savings and a reduction of debt. If I owe $1,000, have $5 in savings and borrow $900...just because I only need $95 to go doesn't mean I'm recovering. Now I have to pay back the borrowed money too. Not only have I not recovered, but I had to spend that $5 I had to help pay it off so now I've even more broke than before.
The rEVOLution is not being televised
Essay Pro