You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.
Sentiment: NEGATIVE
Manage your spending by creating and sticking to a budget.
The way to build your savings is by spending less each month.
You cannot spend your way out of recession or borrow your way out of debt.
Stop spending money you don't have.
People know that you can't spend more than you have.
If you are spending too much, you cut back on spending and you raise your revenues. And that's it.
You cannot keep out of trouble by spending more than you earn.
When you borrow money, you should always think how you're going to pay it back.
I would borrow money all day long, if the cost of borrowing is less than the expected return.
The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.
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