Ignore Washington — keep saving; General Patton makes a point
General George S. Patton was attributed with saying: "No poor bastard ever won a war by dying for his country. He won it by making other bastards die for their country." This was played out to perfection by George C. Scott in the Oscar winning 1970 movie 'Patton'.
I feel the same way when I hear and read about how we need to spend more to revive the economy. You should let the other poor bastard spend for his country -- you should be saving!
Reuters reported earlier in the month that consumer spending continues to fall and savings are increasing. That's a good thing. The public gets it, the government does not.
e won it by making the other poor dumb bastard die for his country."
- Attributed to General George Patton Jr
If you continue to pay down debt and increase your capital reserves you will build a foundation for future growth that will be the envy of all your friends, and enemy's alike.
Many people reading this now already were doing this prior to the financial melt-down and do have friends crying on their shoulders. Many comments we receive have expressed resentment that those that did not over leverage their lives are being forced to pay for the blunders of others. Seems like just one big happy family -- keep saving!
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money.
He won it by making the other poor dumb bastard die for his country."
- Attributed to General George Patton Jr
Filed under: Rants and raves, Personal finance, Politics, Recession
Ignore Washington -- keep saving; General Patton makes a point originally appeared on BloggingStocks on Thu, 26 Feb 2009 14:15:00 EST. Please see our terms for use of feeds.
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