Saturday, November 28, 2009

Nation

Consumer Spending, Personal Income Increase

The Commerce Department says spending rose 0.3 percent in May

Posted June 26, 2009

Reader Comments

Consumer spending has risen, yes?

An economy driven by comsumption, in time, is as good as termites are to a wooden structure. The present evidence is its testimonial. Yes, the consumption fueled by living beyond individuals daily means with credit cards fully loaded beyond capacity.

Yes, our very Federal Government now in debt over 100 trillion dollars on top of it! While George Washington left these wise words: "No pecuniary consideration is more urgent than the regular redemption and dicharge of the public debt: on none can delay be more injurious or an economy of time more valuable".

Thomas Jeferson left these wise words also: "The principle of spending money to be paid by posterity, in the name of funding, is but swindling futurity on a large scale".

Question: Why has the business of Personal Storages spread all over America? Yes, stuff bought on credity mostly stored never tuly be used, or what? But now happiness because consumption has risen, to add insult to injury? What else?

Stimulus package was a joke

This has not helped the working class people at all. For me, it roughly gives me around a $13 p/week more----I can't even say more, because of the taxes. I don't see a difference! The gas prices are killing the working class people! If you want the economy to get out or recession--regulate the gas prices and food prices!! They both are rediculous!!

Add your thoughts

All comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments FAQ.

Crossword Puzzle

Do You Like Crosswords?

We've added a new feature to our weekly digital magazine: an exclusive crossword puzzle!

advertisement

Barack Obama

Obama's Inner Circle

Get to know close advisers, cabinet officials, and more.

Your Photos

President Barack Obama speaks about combat troop level reductions in Iraq as he addresses military personnel at Marine Corps Base Camp Lejeune.

Obama in Your Town

Has the president visited your town? Send your photos to obamaphotos@usnews.com, and we'll post our favorites online.

Courtesy Greg Meinert

Thousands cheer as Obama becomes the 44th president.

Your Inauguration Photos

Thanks for sending us such great shots from this historic event.


A baby kissing an Obama poster for Washington Whispers.

Your Campaign Photos

We asked to see your personal election pictures and you delivered.

Public Poll

Do you fear losing your job in this market?

View Results

Washington Whispers

Washington Whispers

Hillary for Vice President

The hot rumor in Washington is that the secretary of state will get a promotion.

advertisement

Put U.S. News on Your Site

Keep up with the latest headlines by adding our news widget to your website.
Get this widget ยป


Use of this Web site constitutes acceptance of our Terms and Conditions of Use and Privacy Policy.
Make USNews.com your home page.