Thursday, December 06, 2007

The Mounting Dangers of America's Burgeoning Debt

How did America, collectively and as individuals, become a nation addicted to debt -- pushed to, and often over, the edge of bankruptcy? The savings rate in America hangs below zero. Personal bankruptcies are reaching record numbers. America's total debt averages more than $160,000 for every man, woman, and child. China holds nearly $1 trillion

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