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Friday, December 22, 2017 6:44:26 AM
Robert Reich
December 19 at 7:45pm ·
Americans are drowning in debt. A third of Americans hold debt that is currently in collection. The Republican’s new tax bill will force the national debt to balloon -- thereby likely pushing interest rates up and making all this personal debt even more burdensome.
As the map below shows, the highest share of personal debt now in collections (shown in dark blue and black) is found in Republican states. So once again, Trump and congressional Republicans are shafting the people who voted for them. The question is when if ever they’ll find out.
Your thoughts?
December 19 at 7:45pm ·
Americans are drowning in debt. A third of Americans hold debt that is currently in collection. The Republican’s new tax bill will force the national debt to balloon -- thereby likely pushing interest rates up and making all this personal debt even more burdensome.
As the map below shows, the highest share of personal debt now in collections (shown in dark blue and black) is found in Republican states. So once again, Trump and congressional Republicans are shafting the people who voted for them. The question is when if ever they’ll find out.
Your thoughts?
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