We Can’t Pay Bills with Monopoly Money

Ah, debt, our old friend and comforter in times of need. Who among us has never turned to easy credit in times of trouble? Mortgage loans on our homes, credit cards for flexible spending power, student loans as an investment in our own human capital. You might have a debt, you might have some debt, you might have debts.But the United States of America has The Debt.The definite article signifies two things. For one, it suggests that it is the most exceptional representative of its class. … [Read more...]