BrainKing - Discussion boards (Politics)

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Politics

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27. February 2009, 16:29:35

Czuch

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Subject: Re:

Tuesday: #5 is the consumer...racking up debt....

What makes me wonder about this one.... we say it was one of the main problems, but I hear Bam saying that one of the main ways we are going to recover is to get debt flowing again????

Every financial advice show I see or hear will tell you, as an individual it is best to pay only in cash, the only debt "allowed" is for your house, even a car should be paid for with saved cash!

Now the big stimulus is to get lenders lending and debtors debiting again??? I am truly concerned about this democratic 'new deal'....