Monday, October 27, 2008

Another Poll



As the beautiful Autumn weather continues unabated, so does the world financial crisis. One is very pretty, the other very ugly.
I caught an on-line poll today that asked if we thought it was OK for governments to run deficits during the financial crisis. The numbers were revealing. Only 49% of 31,000 respondents thought it was harmful. That says to me that 51% of the Canadian population still do not understand how we got here in the first place. So tell me about your household. When things are getting lean, do you go borrow money and spend your way back to prosperity? Or do you tighten you belt, postpone unnecessary expenditures, and try to save in case it gets even worse? It works exactly the same way for individuals, businesses and governments. Debt always eventually has to be paid. How much easier to not incur it in the first place.

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