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Thrifty Families and Other Lies: Like Their Government, Americans Live on Debt
Common Dreams / Ted Rall26-Apr-2011
The typical American family cannot live within its means because it cannot earn enough to sustain its lifestyle. Were it to downgrade its living standards to a level it could afford, there wouldn't be enough consumer spending to drive the economy. This would force further personal austerity. Eventually we'd all be living outside.
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