The U.S. government's plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC.
"Why are we listening to any of those guys down there? They're making our situation worse," he said. "They said in writing yesterday the solution to our problem is to spend more money … that's what got us into this problem: too much debt."
"That's like saying to Tiger Woods, 'you get another girlfriend and it will solve your problems' or 'five more girlfriends and you will solve your problems.'"