Sun, 09 Oct 2005

Borrower, beware

We're not becoming an "ownership society", we're mortgaging our future. And when the bill comes due, who whole economy will be paying through it's nose for this period of "painless" borrowing.

There's a lot of debate in Washington these days about plans to spend big money on cleaning up after Katrina. This, on top of the promises President Bush has made to continue to push for more of his "ownership society" in the form of further tax cuts and other inducements to save and invest.

(link) [U.S. News & World Report]

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