There are some states where per-capita household debt has reached new all-time highs. And the biggest shining example of this isn’t California! It's Washington, D.C.
Growing consumer debt is the Holy Grail. Since household incomes have not kept up with consumer price inflation, and since college and medical expenses are on a runaway train, and since rampant asset price inflation has whipped housing costs into frenzy, the economic leadership in the US wants consumers to pay for it by taking http://flip.it/lF6y9
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