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IPFS News Link • Economy - Economics USA

Brink of Debt Disaster

• Michael Shedlock / Mish
Output rose eight times between 1975 and 2007. But the total volume of debt rose a staggering 20 times, more than twice as fast. The total debt-to-GDP ratio surged from 155 percent to 355 percent. Second, almost all this extra debt has come from the

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