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posted by sweept

In reply to: We Are Better Off Than Four Years Ago »

November 4, 2012

With the added debt, we have only used the nation's 'credit card' to keep up our quality of living. That bill will come due at some point, then the crying will be loud from all sides (see the eu/greece/spain/france etc). You can only live on borrowed money for so long. Just happens that our economy/earning power is huge and we, as a country, can push it further down the road before it comes back to bite us in the butt.

:edit: so to answer the question....does it feel like we're better off now..probably....are we better off now...not if you look at the reality of where all this "betterness" has come from and the cost we're gonna pay for it.

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