Sallow
The Big Bad Wolf.
Except, as you know, Reich is lying.
We do need some austerity.
And we need to start imposing some damn fiscal discipline immediately.
You're going to 'not spend' your way out of a recession?
You're suggesting that going much more massively into debt has no adverse consequences?
You engage in magical thinking.
If you have been reckless and/or unfortunate in life and have debt over your eyes, you can't even pay all of your monthly bills every month like your mortgage and food bills and phone bills and utilities and gas for the car (which you need to go back and forth to work and to buy food, etc). So you pick and choose which of your necessities you WILL pay for this month. Then it dawns on you!
You say, "Hey! I know! I can borrow against my credit cards! I'll use Visa to borrow a bit more to pay for Mastercard. I'll use Matercard to pay at least something on the Amex. I'll max out the Amex to buy gas and food this month. And, I'll worry about next months bills next month!" Except next month (or eventually), you now have even larger bills, all coming due, and no available credit left.
Borrowing and spending SURE worked you out of your recession, eh?
What "magical thinking"?
A country is not a person.
![eusa_hand :eusa_hand: :eusa_hand:](/styles/smilies/eusa_hand.gif)