Saturday, September 24, 2011

Reality Check: Spending Reduction That Doesn't Reduce Spending

Mark Steyn on the end of the world as we know it. An excerpt:

You can try this yourself next time your bank manager politely suggests you should try “living within your means”: Tell him you’ve got an ingenious plan to get your spending under control by near doubling your present debt in the course of a mere decade. He’s sure to be impressed.

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