Amazon.com Widgets

As featured on p. 218 of "Bloggers on the Bus," under the name "a MyDD blogger."

Wednesday, February 01, 2006

Save That Money You Don't Have

Amazingly enough, that call to defiantly "go shopping" back in 2001 has produced a nation that's broke as a joke:

The Commerce Department reported Monday that the savings rate fell into negative territory at minus 0.5 percent, meaning that Americans not only spent all of their after-tax income last year but had to dip into previous savings or increase borrowing.

The savings rate has been negative for an entire year only twice before -- in 1932 and 1933 -- two years when the country was struggling to cope with the Great Depression, a time of massive business failures and job layoffs...


And it is in this environment that the major domestic initiative is a plan to set aside money for healthcare expenses.

WHAT MONEY?

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