The governments have practiced deficit spending so long that now even the rank and file are forced to do the same thing due to all this runaway greed. At first it was all hinged on the price of a barrel of oil but now not so much. Prices keep rising even when oil prices drop back because the CEO's and their ilk get paid a king's ransom to do nothing and that expense is always passed on to the consumers. It's just a vicious circle with no end in sight other than the complete collapse of the entire house of cards.
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Tomorrow never comes
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