More Debt?

Those that have historically been the best in the world at making money, the big banks, have cut their debt in the last 7 years by 24%.

The average household, having learned the lesson during the 2008 crash as did their grandparents in the great depression, have reduced debt by 18%.

And other corporations are paying off loans as well.

Not only is all that more than offset by governmental debt going up a whopping 35%, some politicians are telling us the answer to our prayers is simple – just let them borrow more money.

 

Click on the chart for a better look:

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  1. […] the same time, both the wizards of Wall Street and the typical American family are reducing debt . In fact, the only sector actively adding to its debt burden is […]

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