As a follow-up to my post yesterday about consumers, I propose this link to Mother Jones. My favorite factoid: The average U.S. household owes $9,659 on its credit cards.
Obviously, individuals get sucked into debt for lots of different reasons, including things well beyond their control -- health disasters and lost jobs, etc. -- and but when an entire society is operating on short-term debt, that, my friend, is a society made up of "Consumers."
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