On Friday and Saturday and Feb. 4 and 5 at 8 p.m. the Southampton College theater department will produce "Borrowed Times: New Student One-Act Plays" in the school's Avram Theater.
The Keynesians say we should consume instead of produce, borrow instead of save, and spread the wealth instead of accumulate it; the Puritans say we should suffer more pain, pay higher taxes, live less well, and hoard an ever-diminishing wealth.
But Kenny said Labour's target date of 2016 would only produce further borrowing and higher interest rates.
Even though the drop-off indicates a decline in consumer purchases, Peter Morici, a professor of the business school at the University of Maryland, College Park, said Americans continue to consume much more than they produce and borrow too much from the rest of the world.
The mantra of the Asian governments, as with the OECD and European Commission, is that austerity has to be accompanied wherever possible with pro-growth policies and rapid restructuring of the Western economies to produce more, borrow less - both privately and at state level.
It could be made more realistic with some reference to psychology: Borrowing produced a sense of personal shame.
Policy settings that produced strong household borrowing growth leading up to 2006 would now be judged to have gone too far.
She thinks that they charge too much, engage in deceptive research, produce inferior products, borrow their best ideas from government-funded scientists, and buy the affections of physicians with trips and gifts.
The euro crisis, he noted, has produced vastly different borrowing costs for firms, frozen inter-bank lending, prompted some regulators to order banks to keep capital in their home countries and stirred protectionism against EU workers and goods alike.Economic integration has been at the heart of the European project from the outset.
