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In a Word, the Problem is "Debt"

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How did it come to this point of staring into the abyss and, perhaps, falling in? In a word, the problem is "debt." Just a year or so removed from the worst financial crisis since the Great Depression, we seem to be quickly approaching some sort of debt thresholdâ€"a "point of no return" -- where no one believes the massive amount of debt can still be serviced, let alone paid back.

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At timiacono.com

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