As long as the country cannot pull in enough income from exports and the money are all coming out, we will always resort to debt to pay of our debts. It is a vicious cycle that will never end.
April 2, 2012 at 4:37 PM
The whole country is struggling with the issue of too much debt. From families struggling with under water mortgages to states trying to figure out how to cut costs to the federal government's difficulty dealing with the $14 trillion national debt, it seems everyone is trying desperately to deal with this issue.
This month, there are 869,000,000 entries for "debt" on Google. And there are fun widgets to track everyone's debt
Economists are saying that economic growth will be stunted for years as families, states and the federal government divert money into debt and interest repayments.Check out a few random stories:
"Crushing Debt. Sounds like an Opportunity?"
3 Comments -
An interesting article. Thanks for sharing.
March 18, 2011 at 3:44 AM
it is embarrassing to see our national and other debt flashing on a chart. How will we ever over-come this?
March 22, 2011 at 12:05 PM
As long as the country cannot pull in enough income from exports and the money are all coming out, we will always resort to debt to pay of our debts. It is a vicious cycle that will never end.
April 2, 2012 at 4:37 PM