Yes, all debt is bad debt

Source: Michelle Singletary, Washington Post (Paid Registration)

Look, I know my views are extreme, almost un-American, in a nation that relies so heavily personally and politically on borrowing money.

Student loans and mortgages are marketed as good debt. But having credit card debt is considered bad. The conventional wisdom is that it’s okay to take on debt that has the potential to either increase your net worth or boost your earnings potential.  Yet, are the forms of debt really that different emotionally?

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