This happened several years ago as we headed into the last recession. It actually produced rising GDP numbers as people spent more on credit. Maybe it will be counted as a "positive" and part of the recovery this time as well by Bernanke and our chorus of liberal economic liars.
Consumers in U.S. Relying on Credit as Inflation Erodes Incomes - Bloomberg: www.bloomberg.com/news/2011-07-21/consumers-in-u-s....html
http://chumly.com/n/aac8c5
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