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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (58286)5/1/1999 3:15:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
>>Nadine, It is basically personal income less spending. Everything left over is savings. We are borrowing, not saving.<<

mike, but 401k and ira money don't count as income in this equation, correct? it is still bad news that folks are borrowing, but not quite as bad as it could be.

when the markets crack, though... disaster! -ng-