Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Friday, September 2, 2011
$10 trillion in U.S. debt
On August 31, for the first time, U.S. debt topped $10 trillion. Obama added 59 percent of it. When you own that much money, you are broke.
Sunday, June 27, 2010
The Economist has a good essay on debt. Debt is like alcohol, it induces a sense of euphoria. Then the euphoria goes away, and you need to get it back.
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