Wise Bread | Personal Finance and Frugal Living Forums

One of my issues with the way the economy has gone is that what is "good" for the economy is not necessarily good for most individuals. Our debt-based economy is such that it is "good" when Americans carry balances and have enough debt that they can't get out of it, but enough that it crushes them. With the subprime mortgages, that line was pushed too far.

At any rate, I agree that what would be best for the INDIVIDUAL is to sock it away into some savings. Or at least pay down some debt. But the government just wants us to spend, spend, spend. And really, "they" are hoping that you'll use your tax rebate as a down payment on something bigger.

Another thing to consider: Where is all this money coming from? It has to be borrowed. We'll be paying it back with interest down the road.

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