Also, Americans may say they hate debt, but we love it.

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Many companies would love to cut their heavy debt by issuing shares.

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Fund managers like Zervos in the US and Japanese Toshin funds love those yields in local currency debt.

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Not only will your sweet plastic love affair turn sour, you could carry the load of debt the rest of your life.

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Furthermore, the debt and deficit have been creating private sector wealth, not draining it (see Why You Should Learn to Love the Deficit).

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