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This, it hoped, would revive personal spending.
Personal spending and savings have both risen.
In addition, personal spending rose only 0.3percentt in August.
Broader cutbacks in personal spending and capital spending then followed.
Personal spending accounts for two-thirds of economic activity.
If the government prevails, she said, many kinds of personal spending could be called into question.
So it can only come from personal spending, government spending or business investment in this country.
This is as true of exercise as it is of personal spending, say.
But as the stock market bounced back in 2009, so did Mr. Bloomberg's personal spending.
Over the last several decades, personal spending has been bolstered mostly by borrowing, Mr. LeBas noted.
Instead, Mr. Gingrich quickly stumbled over verbal gaffes and revelations about his lavish personal spending.
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CEO of Professional Science Editing for Scientists @ prosciediting.com