Is It Our Patriotic Duty To Live Beyond Our Means To Bring The US Economy Out Of Recession?

By Heather, CPA (Balance With Purpose)

My opinion? ABSOLUTELY NOT!!!

In a time of recession the federal government has attempted to stimulate the economy with the following:

1. Economic Stimulus Payment
2. Incentive for Americans to purchase autos, like the famous “Cash for Clunkers”
3. First-time home buyers rebate
4. Lower interest rates

If consumers were over-extended in the first place, is it a good thing to encourage the same consumers to spend any amount they receive from the Federal government? Possibly even encourage over-spending just to stimulate the economy?

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