Daniel Indiviglio over at the Atlantic has a post that references a great chart on the USA Today. It shows that every household in America now is committed to $668,621 of debt, including both Federal and private debt. Now, be honest: where do you think this will end? It won’t be a happy happy joy joy place, I can assure you of that. The sad part is that when I propose that perhaps the government borrowing trillions to get us out of the problem of having trillions of debt isn’t the best of ideas, a large swath of the country thinks I’m insane.
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