Want To Help The Economy? Save Your Tax Refund!

...and the "stimulus" handout, too.
Our fearless leaders keep spouting the same old nonsense that consumer spending is what will save our collective hides in the current situation, and keep begging you to go and spend the shameful handout they are giving us (borrowed from the Chinese and the Japanese, but don't let this bother you). Well, I have a news flash: no amount of consumer spending is going to prevent another bear sterns from going bust. No amount of consumer spending will get this credit mess we're in resolved. No amount of consumer spending is going to help the borrowers who owe more money that "their" house is worth.
If you really want to do good for this economy of ours AND help yourself in the process, go and open a CD in a bank of your choice. Put all this stimulus-shmimulus money there, add you tax refund to it, and pray that banks will finally start trusting each other and put your money to a good use. Of course, you won't get paid much for your money, courtesy Bernanke and Co., but it is still better than buying junk you don't need anyway.
The problems we face now clearly stem from too much spending, and too little saving. More of the same old will only prolong the agony and make the eventual necessary adjustment all the harder. Start now, and help both yourself and the economy in the process.

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