The average american doesnt stick to or even have a budget. They just spend until they run out, then if they get desperate, they put some extra expenses on a credit card. (Hey...I think I just described how our government works)
Because it doesn't matter, says this economist. http://voices.washingtonpost.com/ezra-klein/2010/05/galbraith_the_danger_posed_by.html
LOL. That `tard made it into print? That's funny. Check out this quote about how he knows (for certain) that deficits do not matter: So he says that since the yields on Ts are so low, therefore there's (virtually) no risk. This greenhorn should check out a chart of Greek 2 years. It was pretty low `til all of a sudden it wasn't. How about this turn around? If the markets thought there was a serious chance of the Dow making new highs, they'd be there already. It's the same "logic". Don't quit your day job, Galbraith. LOL.