I don’t think it makes me a Red to think that frugality and industry can be at least as beneficial to our country as spending (especially spending beyond our means). Credit itself is neither good nor bad. A small amount can help build capital, but overextending yourself can bring ruin. So spending isn’t always a good thing either. – Cam Edwards

We need money moving to get the economy moving, and lowering interest rates is a good way to get money moving. But a lot of the problems that we are seeing now are a result of people overreaching on credit. If we don’t take the lesson and act a little more frugally, we will repeat the same thing over and over again, but on a bigger scale each time, until it is past the point where the government can “fix.”