Posted 2/24/2015 07:34 (#4409829 - in reply to #4409800) Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?
Debt used to get a return on investment is not all bad............Debt used to finance generational welfare to the sum of 18 trillion (which happen to be the same number), with zero return on investment, as opposed to FDR's WPA type handouts, is what will give us problems economically .... and as Ferguson shows, socially.