Why is the US so stuck on borrowing? NY speaks out

Why is the US so stuck on borrowing? NY speaks out

Published: 06 August, 2011, 09:57

TAGS:
Crisis,
Politics,
The Resident,
Budget,
USA,
Economy,
Finance,
Global economy


If an ordinary US citizen gets into debt, the bank will be on his back without delay – yet it is only now that America, which owes trillions, is seeing its credit score decline.

­Online talk show host Lori Harfenist hit the streets of New York and asked people why Americans are so hooked on borrowing.

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