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Wayne Todd's avatar

I agree with the how we got here portion of article, but how we get out of over a Trillion in debt for student loans, about 4 Trillion in mortgage debt, over a Trillion on Car loans, 33 Trillion in Government Debt... is a bit more of a trick - Society has lost it collective mind over credit - Governments don't respect the currency they have created - so why should we expect students (young adults) to respect their obligations. I agree, that everyone needs to take responsibility for their obligations - but I think the responsibility part should have started along time ago. It's a collective hill that all of society can no longer climb. Economists saw this coming credit crunch along time ago, they knew it was coming when they evented this fake money back in 1913. We are lucky we made it this far.

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