First off, True. We need to start selling more, saving more, and spending less. People wont like that, but it is something that we need to do. Now the question is if we can get leadership that can help with that, or more of the same old crap.
Second, look at the source. BudgetSavvyMag.com. Dont forget who this piece is being written for.
Third, well see what fingers are wagging when Americans stop buying as much cheap Chinese crap and expenisive European luxeries. What so many econ reporters forget to mention is that the strength of these new curriencies is tied to their export led budget surpluses. Most rely on American greed to fund their bloated inefficient gov’s (India, Venezula) or their popular social programs (Germany, France, Saudi Arabia). If we stop buying, they stop selling and things get nasty. World economic progress has been moving at a historically screaming rate, it may have to slow.
