U.S. Debt Load Falling At Fastest Pace Since 1950s

Market Watch ^ | 6-8-2012 | Rex Nutting

[EagleUSA]

Sppppiiinnnnnnnnnnnnnn.......

[caver]

Are we supposed to believe this?

[treetopsandroofs]

Pretty soon, they’ll be talking about Hussein’s “surplus”.

[Noob1999]

I wonder how much of the debt decline is due to foreclosures??

[HamiltonJay]

So, let me get this right.. private individuals and corporations are shunning debt.. but its okay that the government keeps piling more on, because the people are shunning it faster than the government is piling it on?

Lunacy

[OkiMusashi]

Good article. A couple more years sounds about right.

[Erik Latranyi]

The lengths to which the MSM will go to prop this loser up never ceases to amaze me!

[fedupjohn]

Who is writing this Sh*t?

Wait, who believes this sh*t!

[mkjessup]

[KarlInOhio]

In fact, since the people and business are paying off their debts the government must take on more debt or else... or else... or else hooooooorible things will happen. Just believe us. Your responsibility is only making things worse. Now go out and break some windows to improve the economy.

[WilliamIII]

If American families aren’t doing what he says they’re doing — reducing their debt burden — they’re stupid.

As for Obama’s debt, it’s unconscionable. More so even than George Bush’s, because it’s bigger. I wish my fellow conservatives had been yammering about the debt explosing - both government AND private — when Bush was president. Bush helped fuel the private debt bomb, by promoting no-down-payment home loans for low incomes.

If Bush hadn’t been a disaster as president, Obama wouldn’t be president today. So bush got us coming and going.

[WilliamIII]

If American families aren’t doing what he says they’re doing — reducing their debt burden — they’re stupid.

As for Obama’s debt, it’s unconscionable. More so even than George Bush’s, because it’s bigger. I wish my fellow conservatives had been yammering about the debt explosion - both government AND private — when Bush was president. Bush helped fuel the private debt bomb, by promoting no-down-payment home loans for low incomes.

If Bush hadn’t been a disaster as president, Obama wouldn’t be president today. So bush got us coming and going.

[N. Theknow]

If there is falling private debt it is because people without jobs and people who are in fear of losing their jobs, are not buying anything except the bare necessities.

[traderrob6]

And savings are a bad thing.

[N. Theknow]

I wonder how much of the debt decline is due to foreclosures??

And short-selling, and new home sales in the tank...

[ctdonath2]

1. A whole lotta people have realized “holy crap, I gotta get out of debt!”

2. The graph would look a whole lot better if the government hadn’t piled on $5T debt in the last 3 years.

[Little Bill]

For every dollar you don’t spend paying off debt is a dollar in your pocket, not hard to understand?

[Psycho_Bunny]

lol...That article has so much spin I’m getting nauseous.

[11th Commandment]

My understanding is the debt has declined as millions or Americans have walk away from their mortgages. However, many households are voluntary paying down debt.

Obama, knowing that shedding too much debt either by foreclosure or by choice is a bad indicator of economic expansion, has decided to start including 1 trillion in student loan debt into the consumer debt figure.