The Debt Mountain
Lance on Aug 08 2009 at 5:53 pm | Filed under: Uncategorized
The problem ultimately from an economic point of view is the mountain of debt. Short term it may be argued, and I say that with caution, that keeping debt from falling is what we needed to do to give us time to work it down in an orderly manner.
However, working that mountain of debt down needs to be done and will be a large drag for years. Hat tip: Clusterstock
