Finally time to delever, America

I finally found the debt graph you might have heard me reference. This is a great explanation of what we’re experiencing. Data came out in the past few days that consumers saved 5% of income in December. This was a five- or seven-year high (can't remember exactly. Expect the rate to approach 10% by YE as people repair their personal balance sheets. Not good for CPG firms.  Now, in light of this, does it make sense to bloat the federal budget in the manner in which Obama and Pelosi have proposed?  Download the full article at the Economist or here once that link fails.

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