U.S. PRIVATE DEBT BURDENS ARE CLEARLY MANAGEABLE, LOW

This article comes from our electronic archive and has not been reviewed. It may contain glitches.
Sunday, January 26, 1992

We hear lots of misinformation about how a crushing level of private debt is allegedly a major obstacle to economic recovery, and to prosperity throughout the 1990s. The decade of the 1980s, we are told, saw unsustainable debt levels built up, both by individuals and by corporations or so the wailing goes. The debt load is so heavy, according to this line of thinking, that growth rates will be puny for years to come while we work our way out from under the heavy load.

To continue reading
For more than 115 years, the Southeast Missourian has written the first draft of local history. We have aspired to enrich, entertain, educate and inform. Our core values have remained firm: truth, service, quality, integrity and community. Support our mission.