The Great Depression Was So Great That... We're Going To Give It Another Whirl?

This past Monday, the Department of Commerce's Bureau of Economic Analysis released a report displaying how our nation's personal savings rate was actually *negative* during 2005... -0.5%, to be exact.

According to an article by Martin Crutsinger, Associated Press Economics Writer:

"Americans not only spent all of their after-tax income last year but had to dip into previous savings or increase borrowing.

The savings rate has been negative for an entire year only twice before — in 1932 and 1933..."

Mmmmmmmm.

Dust bowls and bread lines.