As such, here is a quick snap shot of debt and the household in 1982 versus today. The contrast is fairly stark to me. We have clearly experienced a lot of economic growth spurred by debt over the last 27 years.
Can we put off any kind of retrenchment and live the in the same manner as the past? Or do we simply have to shrink both our personal and Federal balance sheets - ASAP?
I continue to question just leaving the money (debt) spigot open...
-2outof4
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