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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (82217)5/29/2007 12:23:37 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
Taxpayers on the hook for $59 trillion

'Bottom line: Taxpayers are now on the hook for a record $59.1 trillion in liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for every U.S. household. By comparison, U.S. households owe an average of $112,043 for mortgages, car loans, credit cards and all other debt combined.'

usatoday.com


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