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08/25/2007: "USA collapsing in debt"

Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.

Borrowers' withering ability to pay their bills and the subsequent fallout in the credit markets this summer topped the list of short-term risks on peoples' minds, according to a survey of 258 members conducted by the National Association of Business Economics.

[ Build a society on illusions, and don't be surprised when your citizens act like dolts. ]

http://news.yahoo.com/s/ap/20070825/ap_on_bi_ge/nabe_bad_credit