He also said low interest rates simply encouraged spending today at the expense of spending tomorrow, and so were not a sustainable way to achieve long-term growth.
You burn things as quickly as you can, spending tomorrow stamps to get items faster and filling the fireplace with so much detritus that the flames reach the top of the screen.
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And those alternatives represent the key for CIOs to modernize their infrastructure to match the performance needs of tomorrow while also bending the spending curve away from low-value clutter to high-value innovation.
Suppose that all Americans doubled their incomes tomorrow, and suppose that their spending on food, clothing, housing and utilities also doubled.
How much people want to save depends on how much spending they are willing to forgo today in order to consume more tomorrow.
After the next election, if not before, that will guarantee that there will be further steep tax increases or eye-watering spending cuts - a political choice the chancellor will want to highlight tomorrow in order to put his shadow, Ed Balls, on the spot to spell out what Labour would do.
It will include immigration reform, tougher measures to stem an epidemic of gun violence, new measures to curb the emissions of carbon gases, new spending that not only build and repair infrastructure but prepare for the green technology jobs of tomorrow.
Again, I think they talked broadly about the need to cut spending, but I am not aware that they got a preview of what they will unveil tomorrow.
But if I add up my cousin's spending, my target will be bubkes, and I'll be told to splurge now and starve tomorrow.
Let's reward small business by increasing our infrastructure spending, laying a new foundation for an economy for the future, building the highways and bridges and railways of tomorrow.
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