Damn the Recession, Rate Hikes Ahead – Ep 831
The Peter Schiff Show Podcast
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Credit Card Debt Was Up Two % on the Quarter
For the first time ever, households have more than 16 trillion in debt. Debt was up two % on the quarter to 16 point one five trillion. Americans can't even pay off their own debt, let alone the government debt. American households are not only on the hook for their debt, but they're also on the Hook for the national debt. In fact, you're also onThe hook for the debt of your state or your municipalityme an families are on thehook for all this debt and there's no way they can pay it off.
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