Posts Tagged ‘ withhold judgement ’

SENIORS: PINCHING PENNIES AND SPREADING COMPASSION

Aug 17th, 2011 | By Dr Jerry D Elrod | Category: Senior Moments Blog

Those who dabble in the study and analysis of economics suggest that spending is the best way out of our current economic dilemma are probably right. History and economics has demonstrated that holding back usually creates a self fulfilling prophecy. The less we spend, as a nation, the slower our growth. The classic example of getting out of the crisis of the 1930′s was by spending our way out. A major war stimulated the economy in a major way, of course. That doesn’t seem to be working this time.

So when seniors begin cutting back, as do others, on spending and delaying purchases, the economy spirals down. While some in the upper atmosphere who enjoy limitless wealth continue their spending, it doesn’t seem to contribute to improvement in the overall shape of things. Trickle down needs to be more of a flood. With unemployment at 9.1% (and