Wednesday, March 19, 2008

The Unthinkable

How's this for a money quote:

Households face the unthinkable: budgeting
By Nick Carey

"...Simply put, that means Americans are spending more on servicing their debt than they do on food," Rosenberg said. "This is not just affecting stressed-out or soon-to-be-foreclosed home owners. This hurts everybody..."

That which can't continue indefinitely, won't.

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