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Archive Home > 2009 > June > 15 > Congress needs to stop spending and start fixing the debt

Congress needs to stop spending and start fixing the debt


June 15, 2009

Here’s one way to look at the politics of our era: We’ve moved from The Age of Leverage to The Great Unwinding.

For about a generation, the U.S. surfed on a growing wave of debt. The ratio of debt to personal disposable income was 55 percent in 1960. Since then, it has more....

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