Tuesday, March 3, 2009

The Complexity of Debt

Recently, there has been an inordinate amount of conversation swirling about focused on the cause and impact of consumer (i.e. personal) debt.  Certainly, it seems plausible they may be legitimate situations of misfortune and unfortunate luck propelling many innocent individuals into financial peril.  


But ... 


It seems to me that a recent SNL skit summarizes the most likely root cause of the consumer debt pretty effectively.




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