Sunday, December 28, 2008

The Americans Should Change Their Mindset

The young Americans like to spend money beyond their means. They spend more than what they earn. This must change. The US government, under Obama , must change. It should not depend on foreign loans. Instead, it should learn to be frugal and prudent in its spending.

If the Americans refuse to change their mindset and continue to spend lavishly, America`s economy will never recover.

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