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Kent Spencer

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Why is the U.S. and Europe in so much debt? What can be the outcome if the debt continues to rise?

Please also list your solutions to solving these problems. Thanks!

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    Dec 14 2011: I am not too sure about Europe, but I feel that the U.S. has become a nation of consumers rather than producers. We make nothing and buy everything to support what I feel is a rather gaudy lifestyle.

    As far as a solution goes, the things we make as a nation make our nation. If we make nothing, then we shall become nothing.

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