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November 9, 2007 at 9:38 AM #97754
patientlywaiting
Participant

Our consumption society it tapped out. Printing money to keep it going is reckless. We need leadership to prioritize the sacrifices we need to make.

http://www.pbs.org/newshour/bb/business/july-dec07/money_11-08.html

STEVEN PEARLSTEIN:
“These things have intermingling effects, but they are all a symptom of the fact that we have to take a decline in our standard of living, as Ken said, in order to pay back all this money that we have borrowed.”