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January 3, 2012 at 11:53am
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Deficit-worriers portray a future in which we’re impoverished by the need to pay back money we’ve been borrowing. They see America as being like a family that took out too large a mortgage, and will have a hard time making the monthly payments. This is, however, a really bad analogy in at least two ways…

Nobody Understands Debt - NYTimes.com

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