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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (130305)	4/17/2012 6:24:47 PM
From: Kenneth E. Phillipps	Read Replies (3) \| Respond to of 224748

tonto, where is the link to support your post about growing household debt?

To: tonto who wrote (130305)	4/17/2012 6:35:01 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 224748

At the peak in 2008, U.S. households were straining under the burden of $13.9 trillion dollars in debt, equivalent to 96.6 percent of GDP. When the real estate bubble burst, the age of deleveraging commenced. Not since the Great Depression have U.S. households exhibited such an adverse attitude toward debt. moneyreallymatters.com . From 2001 to 2007, debt for U.S. households increased to $14 trillion from $7 trillion, and the ratio of household debt to gross domestic product was higher in 2007 than at any time since 1929 (and we know how that turned out). bloomberg.com