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The Straight Truth About the Bush Economy
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<blockquote data-quote="browniehound" data-source="post: 77476" data-attributes="member: 4653"><p>"• <strong>The personal savings rate has plummeted this year, hitting -2.18% in August</strong>—a level not seen since the Great Depression. [Bureau of Economic Analysis (BEA)]</p><p>• <strong>Americans now pay a record 13.6% of their disposable income to service their debt.</strong> Since we’ve had to borrow at record rates to spend beyond our means, debt burdens have risen considerably. [Federal Reserve]"</p><p> </p><p>Who's fault is this? People use credit cards like its monopoly money and live above their means so they can't save and this is Bush's fault? Just like hurrican Katrina right?</p></blockquote><p></p>
[QUOTE="browniehound, post: 77476, member: 4653"] "• [B]The personal savings rate has plummeted this year, hitting -2.18% in August[/B]—a level not seen since the Great Depression. [Bureau of Economic Analysis (BEA)] • [B]Americans now pay a record 13.6% of their disposable income to service their debt.[/B] Since we’ve had to borrow at record rates to spend beyond our means, debt burdens have risen considerably. [Federal Reserve]" Who's fault is this? People use credit cards like its monopoly money and live above their means so they can't save and this is Bush's fault? Just like hurrican Katrina right? [/QUOTE]
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