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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Quote:
Originally Posted by Moneyguy1
If the economy had to depend on people like me to spend irresponsibly, the economy would be even further in the tank.
AS for an economy living on debt, those of us in the financial business have personally been worrying about the long-term effects of this. What would happen if the government declared a
"War on Debt" like it did on smoking. Hmmmmm......
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I can tell you exactly what will happen. The 1920's saw a similar rise in consumer debt.
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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