[jveritas]

O.K stop spending and save your money and watch it grow in the bank. Let everyone follow do this, and in five years will have 10% unepmloyemnt rate because people are not spending their money and hence the corporations are not making any profit and hence they have to lay off more people.

[A Ruckus of Dogs]

I didn't say stop spending completely, but Americans do have to save more than they currently are.

[JTHomes]

Saving money in a bank doesn't hurt the economy. It makes capital available to those who buy/build houses, factories, infrastructure, etc. This myth that consumption drives the economy is hogwash. You have to produce before you consume.

[Trueredstater]

Actually, if we prudently save our money, the lending base will increase, which increases money volocity. This lowers interest rates.