Thursday, February 5, 2009

The Trillion Dollar Question

Answer this, you could probably make yourself lots of money.

The economy is in trouble. Too many Americans carry too much debt they can't pay on or that the equity isn't worth the amount of the loan.

The solution to getting out of economic crises is spending money.

Americans are spent out.

How are we going to fix this? Spending is what got us into this mess. Spending beyond our means as a nation artifically ramped up the economy and prices.

So, now, that we can't spend as much, how are we supposed to kick start a sagging economy?

I think this is the question that is making economists and heads of banks wet themselves daily.

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