Via Fast Company
I know old habits die hard, but at what point are we going to give it up, kids? A twelve-billion-dollar spending deficit for the month of January alone?? And Christmas spending (which this mostly reflects) was actually down 3% from 2008. It just makes me wonder exactly what it’s going to take to make people stop the madness.
This gives me a tummy ache.
Sadly, this madness is helping to keep our economy afloat. Damned if we do…and damned if we don’t, eh?
You’ve uncovered the giant flaw, Jack. The whole economy is predicated on an unsustainable system of ever-increasing spending on crap nobody needs. The overwhelming truth is that the whole thing has to be scrapped because it’s still a giant house of cards that could blow over with the slightest breeze. We are a bad quarter away from utter disaster as long as this is our model for economic progress.