Debt Fueled Prosperity Leads to Bankruptcy Filing

If someone were to try and explain what were the causes of the dire economic conditions the US is facing, the easiest way would be to say that Americans are living in an economic fantasy world that in no way is sustainable. Today, the GDP numbers were released showing a dismal 1.2% growth for the United States, yet the media keeps raving about how the housing market is returning and everything is all better.

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