Well there is a price to pay for everything isn't there?
This "orgy" of borrowing fueled an unprecedented growth in the economy and created an enormous number of jobs. The problem was it was unsustainable and now we have to pay the piper.
It's our own fault, not the banks.
We expect huge returns on our investments, we expect our houses to go up in value every year, we expect high-paying jobs, cheap credit, cheap gas, cheap health care and college educations for our kids. And not to have to pay much in taxes.
Well guess what? We finished the meal and the bill is sitting on the table. Don't everyone grab for the check at once...
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