America in every way and at all levels is addicted to debt.
We now seem to be at the point where debt is a drag on economic growth, not a stimulant.
(From Bloomberg/Yahoo News)The nation’s (economy) as measured by gross domestic product per capita would plunge into negative territory without its dependence on borrowed money, according to data compiled by Bloomberg.
In fact, the U.S. would fall almost to the bottom of a ranking of 114 economies by GDP per capita.
Reprinted from: https://www.ac2news.com/2019/09/america-in-every-way-and-at-all-levels-is-addicted-to-debt/
