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**enentique** · 02-19-2009, 07:24 AM

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and i disagree, paying off debt does stimulate the economy, banks get their $$ and thus they are able to lend out more of it to other banks and ppl and so forth

The banks have received billions of dollars in bailout money, yet there is still a credit freeze. I think the United States and its inhabitants are finally realizing that we have all lived well beyond our means and relied on credit for far too long.

02-19-2009, 07:24 AM	#1
enentique Join Date Oct 2005 Posts 440 Senior Member	. and i disagree, paying off debt does stimulate the economy, banks get their $$ and thus they are able to lend out more of it to other banks and ppl and so forth The banks have received billions of dollars in bailout money, yet there is still a credit freeze. I think the United States and its inhabitants are finally realizing that we have all lived well beyond our means and relied on credit for far too long.
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