What's Washington Doing To Our Money

by David Norton

Your Money: Washington's Solution

The government has produced a massive tax cut and financial sector rescue plan to restore the flow of credit. But some say taxpayer dollars are being wasted.

NEW YORK (CNNMoney.com) -- Borrowing and spending are the lifeblood of the economy, but both have tightened up dramatically in recent months.

As banks and consumers hoard cash, consumer spending, which accounts for 70% of the nation's gross domestic product, sharply declined.

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