01/09/2009
WE WILL MAKE SOME MORE II
"We will make some more", the phrase actually comes from an old "Doritos" commercial that said, " eat all you want, we will make some more". Today the phrase seems to apply to our fiscal policies, the fiscal stimulus plans, last but not in the least to the humanity's urges to make more babies.
What are the consequences of such, we keep increasing the deficit, of course it will be all paid back, right? I think not, we already know that people are losing jobs, not paying taxes, thus not paying into social security, and living longer. What will happen in the real world, as opposed to wishful thinking is the debt will keep increasing till no one will loan us any money, and the countries and people who are "loaning" us money will no longer want us to live high on the hog.
Money, as we are spending in the way we want to eat "Doritos" has consequences, as eating too many "Doritos" may well give you a stomach ache, or even diarreah, the consequences of this spending will be much more severe.
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