[DuncanWaring]

Rex Nutting is MarketWatch’s Designated Obama Toadie.

[Armaggedon]

People are not spending because they are broke, thanks to Obama. The government handouts will break the American economy. National debt is soaring, 16 trillion and counting. America is broke. Obama wants to finish us off.

[Lazamataz]

There’s a reason they call him Nutting.

[Errant]

Maybe why we can't afford more consumer debt. Of course, the
agenda driven MSM likes to keep this kind of thing quiet!

[PGR88]

Private debt may be declining (does it include student loan debt?) but note that incomes are declining also over the last years. With less money being earned, of course people can carry less debt

[Red in Blue PA]

This Nutting guy is a real nut. Another article of his:

Obama spending binge never happened
Rex NuttingCommentary: Government outlays rising at slowest pace since 1950s

http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor

[puppypusher]

Yea!sure it is.Thats why the FED is Buying 68 Billion dollars in Phoney U.S. Bonds for the nex 12 months.

[markomalley]

Leaving aside the fact that you posted an article from 3 months ago, he lies (well, maybe not lies but sure distorts the truth).

From the article:

From the OMB:

Look at the caption on the article's graphic (top). It says, "Total domestic — public and private — debt as a share of the economy has declined for 12 quarters in a row after surging over the previous decade. "

The only thing that explains matters is that private debt is shrinking rapidly.

[ConradofMontferrat]

Shouldn’t there be a “barf alert” here?

Just asking.

[Georgia Girl 2]

This guy must be on crack.

[TheOldLady]

BS