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Posted: 4/7/2006 8:25:31 PM EDT
This is an interesting article about debt in America.

snip:
America has become more a debt 'junkie' - - than ever before
with total debt of $44 trillion - - with the highest debt ratio in history.

That's $147,312 per man, woman and child - - or $589,248 per family of 4,
$44,312 more debt per family than last year.

Last year debt increased $3.5 Trillion, 5 times more than GDP.
Household debt soared 12%.

68% ($30 trillion) of this debt was created since 1990,
a period primarily driven by debt instead of by productive activity.

And, the above does not include unfunded pensions and medical promises.

Whole article here:

http://www.financialsense.com/editorials/hodges/2006/0406.html
Link Posted: 4/7/2006 8:26:47 PM EDT
Link Posted: 4/7/2006 8:29:13 PM EDT
Damn, guess I am an underachiever compared to most others. Oh well, guess thats one class I would prefer to be at the bottom.
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