BANKRUPTCY!!

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by Jim Quinn

  • Households used the debt to buy new $35,000 SUVs, new 5,000 sq ft $500,000 McMansions, on student loans to get degrees in Transgender Studies and on credit cards to buy the latest iGadget.
  • Corporations used the debt to buy back stock at all-time high prices and pay their executives huge bonuses for coming up with the plan to buy back the stock and make it go higher.
  • Governments used the debt to make people think their economies were growing when they were really just financing Wall Street and the Military Industrial Complex at 0% interest rates.

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