“We’ve lived through an era of easy money, in which we were allowed and even encouraged to spend without limits; to take out as many credit cards as possible...to borrow instead of save...Now, I know that in an age of declining wages and skyrocketing costs, for many folks this was not a choice but a necessity just to keep up, I understand that.”
“But we now know how dangerous that can be...Once we get past the present emergency, which requires immediate new investments, we have to break that cycle of debt. Our long-term future requires that we do what’s necessary to scale down our deficits, grow wages and encourage personal savings again.”
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