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"Debt Blows Bubbles on Wall St. That Pop All Over Main St."

In many ways the US today is more divided than at any other time since the decade before the Civil War. We are fragmented in many ways, and, according to some recent polls, we aren't particularly interested in finding any common ground:
"...A Pew study this year found the percentage of Americans saying they are consistently conservative or liberal has doubled since 1994 (from 10 percent to 21 percent), while the center has shrunk (from 49 percent to 39 percent). Maybe more tellingly, 27 percent of Democrats and 36 percent of Republicans see the political opposition as a 'threat to the nation’s well-being.'”

Yet the combustible nature of US politics flowering into towering flames of race, gender, party, and religion can't obscure one undeniable unity: Americans are unified in their debt slavery "...to the tune of $11.86 trillion worth of mortgages, credit card bills, consumer debt and student loans."

While there appears to be a direct link between the financialization of their economy and rising rates of debt slavery, Americans don't trust government to provide freedom.

"Strangely, Americans see the need for government intervention on a host of issues, but they prefer to keep financial markets unfettered by taxes. This is odd because there is a direct link between the relentless swirl of financial transactions, the unremitting financialization of the economy and the epic loss of wealth troubling a large majority of Americans. This is also why so many Americans live in states of indebtedness."
Isn't that what you would expect from the captains of contemporary US capitalism?
"Debt blows bubbles on Wall Street that pop all over Main Street."


http://www.truth-out.org/news/item/32336-our-united-states-of-indebtedness#
 
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