Time to Save

I just read an article in the NYT that detailed the fear of the credit crisis affecting Silicon Valley. Apparently Apple has lost around 16% of it's market value, as investors believe that people won't spend as much money on things like Ipods and Iphones over the holiday season. I think that they very likely won't. And shouldn't. But is that the end of the world? With the government nearly $10 trillion in debt, and with all of us about to face an explosion of Social Security, Medicare, and Medicaid expenditures that will make the current crisis seem like the broken light bulb you fix in your house just before the roof falls in, we probably shouldn't be buying that extra Ipod or that new TV. On the other hand, as long as government keeps saying that it has everything under control, why should we worry?