02/17/2009
AUDACITY OF HOPELESSNESS II
Once again, like the fools that we are we want to increase spending, what did we learn in school?
Wealth is increased by saving, and investing , not spending.
As long as the United States was saving money, we were advancing, but for the last thirty years since Reagan, we have tried to get rich by spending money, it has not worked, it will not work. Even now the best we can hope for is to delay the day of reckoning, even that hope is slim, may be none.
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