well historically the "some have" was alot more than in the past
we had a negative savings rate for a while first time since the 30s when we were ALREADY in a depression with double digit UE
we had unprecedented growth in consumer debt, tapping home equity, and people living beyond their means
obviously there are some fiscally responsible people out there but in a historical context not many
and if you look at the amount of debt many non banking companies have on the books its historically outta wack as well....
GE might need a bailout due to its humongous debt burden related to its finance part even though their infrastructure part is of great importance to the world at large going forward and by itself would be perfectly fine
we had a negative savings rate for a while first time since the 30s when we were ALREADY in a depression with double digit UE
we had unprecedented growth in consumer debt, tapping home equity, and people living beyond their means
obviously there are some fiscally responsible people out there but in a historical context not many
and if you look at the amount of debt many non banking companies have on the books its historically outta wack as well....
GE might need a bailout due to its humongous debt burden related to its finance part even though their infrastructure part is of great importance to the world at large going forward and by itself would be perfectly fine
