All this proves to me, is that bankers and politicians, when it comes to actually managing on a fixed budget, are totally incompetent. They run scared and issue doomsday warnings (Hank Paulson, also a Goldman ex. did the same thing).

I have noticed this in my own dealings with my bank, when even the simplest of procedures, get completely f***ed up because no one really understands how to go about anything without it costing (other people's) money, and, because the money is not theirs, they don't care.

And not just banks! Any major service provider seem to have a similar attitude.

Government is worse.

I had a written exchange with a prominent politician and advised him how government could reduce costs, but, because it was not his money, and because, if they ran out of budgeted monies, they could raise taxes, he wanted nothing to do with any cost savings.

I also pointed out to him that government did nothing to actually provide jobs. That was like communicating with a brick wall, and nowhere near as pleasant.

I guess when you operate within a debt-based system, if you can't keep increasing the debt, and are forced to work with "savings and credits", without having the proper management skills to do so, it becomes a task in futility.

As Maggie Thatcher once said "Socialism is doomed to fail, because sooner or later, you run out of other peoples money".

Suggest "Little Timmy" needs to experience a little humility; a litte "end of the month" experience.

Good Luck to all!