re: The national debt will be $100 trillion in less than a decade

quote:

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There are really only three expenses that have blown up in the last 60 or so years. Houses, health care, and college tuition.

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And those are three of the most important expenses a person can deal with.

Being saddled with huge debt from a college education, followed by huge debt in the second phase of life when trying to buy a home and finally in the third phase of life when you need health care is not a recipe for growth. People are placed under debt at every important point in their life that they spend most of their lives getting out from under debt than growing their own wealth.