Monday, November 08, 2010
Well, that top yellow line is District 12.
I realize that not everyone knows the Fed Districts, so....
The most indebted area is the area which held Dem.
This is just consumer debt, and does not include government debt.
the US to devalue then default on debt owned by
non Americans . I see means testing and
an increase in the MRA for Social Security. This
presents another problem as household formation
will suffer. That is why we need tariffs. now, not tomorrow. Taxes on foreign manufactured goods
would be the quickest to enact and have positive
results instead of raising payroll or income taxes.
Do we really think the trade playing field is level
when it comes to tariffs or consumption ?
It reminds me that some animals prefer not to @#$% where they eat. ;)
Sigh. When I look at that graph, I think that is a classic bubble.
Here's a look much further back in time and I have also adjusted it for inflation.
Total Household Liabilities
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