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May 14, 2009 | Posted by: roboblogger
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Saad
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1 Borrow and spend won't get the economy going, we need to be like the Chinese and Japanese and spend less than we earn. It's called savings. Every time we spend more than we earn we are paying interest to China, the largest lender. the governement needs to have some balls and either tax more or spend less. This is nothing new; everybody knows that debt is useful for assets but disasterous for paying normal bills. |
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