Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
"So how did we get here? For most of the last 25 years, individuals, businesses, and governments abandoned their Depression-era distaste for debt. With a view that only better times were ahead, we all began to rely on ever-increasing indebtedness to fund expenditures large and small. According to data from Morgan Stanley (MS), total U.S. debt—individual, corporate, and government—rose from approximately 150% of GDP in 1980 to more than 350% by the end of 2008."
That's RIGHT, folks!!!
It ALLLLLLLLLLLLLL started during those good ol' GREED-IS-GOOD/REAGAN-BUSH 1980s!!!!!!!!!
*
(Too Cool!!!)
It ALLLLLLLLLLLLLL started during those good ol' GREED-IS-GOOD/REAGAN-BUSH 1980s!!!!!!!!!
*
(Too Cool!!!)