Debt and the United States Economy

The scene is pretty bad now and it is up to the financial advisors of the government to seek a way out of the present impasse

. The freeing of controls on the banking sector under pressure from big business is also a factor that has contributed to this scene. The average credit card debt is now almost 53% over the figures of a few years back. The consumer debt can turn out to be a noose around the United States and the economists have to plan for the future. A failure may have far reaching consequences.

Debt and the United States Economy

By: M.G. SINGH

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