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Spellbound

05/18/09 8:51 PM

#4175 RE: Spellbound #4174

NY Times: Credit Card Debt a Timebomb Ready to Blow Through Economy

Ref - http://www.nytimes.com/2009/05/18/opinion/18kim.html?_r=1

Americans’ credit card debt now tops $960 billion. And with the economy in a downswing, it’s hard to see how the debt can ever be paid back.