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This is not good news, were headed back towards 2008 folks.
So "consumers debt is now in an all American high?" And we are supposed to like this? My heavens, all Americans are so far in debt that soon they will not be able to swipe their cards anymore. Just like what happend in 2008. This is not a good thing, people, this is a ruinous thing. This is a onus burden thing. Soon, people will not be able to spend away. No, that is what is coming. And we can soon forget about the 70 percent of spending being our economy.
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