Just like China, America binged on debt too, in this case student debt. A hot topic in America is writing off student debt.
Read the article: The Fed's Financial Accounts: What Is Uncle Sam's Largest Asset?, but a picture (or two) speaks 1000 words.
Varsity Blue’s Clues
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FEEDI have real suspicions about this information: the notion that the net
cost is about $13,000 a year is just plain wrong. It’s approaching $100,000
a ye...
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