Sunday, January 8, 2006

National debt and private debt

Two headlines from the San Francisco Chronicle Business section, Sunday, Jan. 8th.

Click on the headlines to link to the articles.

Americans saving less than nothing
Spending could outstrip income in 2005, which hasn't happened since the Depression
- Tom Abate

U.S. hovers close to its debt ceiling
Treasury boss says government business could be affected
- Tom Abate

This is damnfool economics on both government and personal level. No good can come from such stupid behavior. People better wake up before it's too late.

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