According to the New York Times, American and German leaders argued about the decision to borrow billlions of dollars to ensure economic growth during the recession. The American politcal leaders argued that in a situation as drastic as the economic crisis, not borrowing money would result in a depression. The Germans, however, decided that it was more important to tackle the problem head on ass opposed to borrowing from others to recover. Each country followed their own paths, with the United States spending approximately six percent GDP, and Germany spending about one and a half percent GDP. Studies showed that the Germans may have made the right decision as it economy began to flourish much more rapidly than the United States.
This article shows that there are multiple ways to resolve a problem. The United States likes to think big, though I think that bigger is not always better. I believe that sometimes one needs to take the slow and steady option to overcome obstacles. It may be necessary to take baby steps to make progress instead of giant strides that may cause your downfall. The Germans took the right steps to solving the problem in front of them, and we should learn that borrowing a large amount of money is not our only solution.
http://http//www.nytimes.com/2010/08/27/opinion/27brooks.html?_r=2&no_interstitial&emc=Google-Earth
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