This month, there are 869,000,000 entries for "debt" on Google. And there are fun widgets to track everyone's debt
Economists are saying that economic growth will be stunted for years as families, states and the federal government divert money into debt and interest repayments.Check out a few random stories:
- Parent Sells Self On Craigslist To Pay Off School Debt
- Ghost of Argentina Tempers Ireland Default Threats: Euro Credit
- Spat Over U.S. Debt Is Setting Off Aaa-larms
This intractable problem pervades everyday life, business and politics.Doesn't this sound like a business opportunity? Smart companies and clever marketers could address this issue by developing products and services to help people and governments either cut costs or raise revenue or both.
An interesting article. Thanks for sharing.
it is embarrassing to see our national and other debt flashing on a chart. How will we ever over-come this?
As long as the country cannot pull in enough income from exports and the money are all coming out, we will always resort to debt to pay of our debts. It is a vicious cycle that will never end.
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