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Americans & Entire Globe DROWNING IN DEBT As Are Most Public & Closely Held Corporations & Governments #DebtSaturation
2017 Jun 5, 2:26pm 6,180 views 16 comments
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curious2
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2017 Jun 5, 2:58pm
Western government policies subsidize debt, and tax savings. What you subsidize, you tend to get more of. What you tax, you tend to get less of. As a matter of government policy, western democracies have chosen increasing leverage, throwing up reckless borrowers at the expense of everyone else.
FortWayne
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2017 Jun 5, 3:29pm
Government subsidizes reckless spending has been a cause of much pain. People who buy houses they can't afford, that wasn't good for economy. They subsidize irresponsible, stupid behavior, it adds up costing us all a lot.
Just wait till they start pushing for socialized healthcare and watch those costs soar through the roof, it's already happening.
Tenpoundbass
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2017 Nov 3, 5:28pm
Heraclitusstudent
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2017 Nov 3, 6:09pm
Just need to take them and actually, like, spend it.
Comments 1 - 6 of 16 Next » Last » Search these comments
"The world has never been more in debt. According to the International Monetary Funds (IMF), total nonfinancial sector debt has hit $152 trillion worldwide, the highest gross debt ever recorded. The debt-to-GDP ratio is also at an all-time high of 225%, up from 200% 14 years ago."
http://nordic.businessinsider.com/the-world-now-has-152-trillion-in-debt-2016-10/
Debt will be the trigger for the next economic and social crises in many nations, including the U.S. and Canada (and UK, Australia, Spain, France, etc.)
Debt now is fueling inflation on necessities (housing, medical care, tuition, etc.) and is reaching a tipping point whereby households, businesses and governments will break quickly as soon as the next aggregate demand drop-based recession strikes (which will set off chain events of banking shock, layoffs, defaults, etc.).
#DrenchedInDebt