Madam Speaker, The long and short of this is that the people of - TopicsExpress



          

Madam Speaker, The long and short of this is that the people of this country are and will continue to pay for it. Based on 2013 figures, each woman, man and child had a debt burden of about $4,440. A child born today automatically inherits a debt of $4,440 upon birth – before theyve even opened their eyes, grown their first tooth or taken their first steps. Each household would have a debt burden of more than $20,000. Every family will forego the opportunity to buy a $20,000 car or invest $20,000 in a house because they presently and against their will owe and be indirectly paying off $20,000 towards the servicing of these loans. - Prof Biman Prasad.
Posted on: Wed, 03 Dec 2014 00:10:17 +0000

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