Debt: The New Four-Letter Word

Video - CNBC.com

Just a simple discussion about the reality of our economic situation, and the role that debt plays in our prospects for prosperity going forward.

Our society chooses to finance its lifestyle on debt - we steal our future productivity, so that we can live better today. The problems we have today are, in large part, because we chose to steal some of today's productivity, to live better yesterday. None of this is rocket science. When are we gonna act like adults and admit that smoke and mirrors can't change fundamental realities of the universe - they can only hide them for a bit.
 
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