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t PERNICIOUS
TREADMILL
OF
Bruce G.
McCarthy
sa former execu-
But then, those were the days when youth were con-
sidered :poor credit risks. They still are. Thus parents
must co-sign as surety for what our forefathers would
hardly believe ... their own children's debt!
•
"Debt has a deceptive, something-for-
nothing kind of charm."
"Used recklessly, it has the power to
make us its slave."
- The National Debt, Federal Reserve Bank
of Phila., p.l,lO
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