10 years ago
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The scary new chapter of America’s 223-year love affair with debt
America might have too much debt for its system to cope with. No, not the financial system. Sure, at $16.7 trillion, the US government has a lot of debt. But despite what you might hear, America is not bankrupt, any more than a homeowner with a mortgage is bankrupt.
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The actual scary part is, the diminishing workforce in place to pay for it.