See on Scoop.it – Politics and Business
Back in the mid-2000′s, when jobs were plentiful and everyone was concerned with buying zero-interest homes, new cars and taking luxury vacations, Mike Ma
Dave Cottrell’s insight:
The simple fact is, you cannot borrow your way out of debt. It doesn’t work for households and it doesn’t work for governments. The day the piper must be paid will almost certainly be the day that civilization as we now know it and have taken for granted for so long, especially in the western world, will come to an end.