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Old 10-31-2011, 10:37 AM  
raymor
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Join Date: Oct 2002
Posts: 3,745
"it is expected that (more) Americans will spend more money," you say. It's also expected, by some, that any day now Obama will be proved to be not a natural born citizen, that he will release his full communist dictatorship plan, and that martian invaders will be revealed.

"It is expected." By whom? Your next door neighbor?
Is the claim of "more" adjusted for inflation? If not, even though there are MORE people than ever before, they may actually spend LESS, and almost certainly less per capita.

Of course none of this will probably make sense to someone who still believes that more spending we can't afford means the problem is solved. Overspending, particularly on housing, is what CAUSED this mess. If it were true that Americans were, on average, doing more pointless spending, that would indicate we haven't learned anything and it's going to get worse.

Last edited by raymor; 10-31-2011 at 10:39 AM..
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