10-10-2007, 05:35 AM
Quote:I am not an economist by any stretch of the imagination, but it seems to me like we (the US) have a very, very big issue with debt. Debt is being marketed as wealth here and people are believing it. Generally it seems people live far above their means. I just can't see that as not having some bad consequence in the future.
There would be less of a problem if the dramatic increase in private debt was being balanced by prudent saving on the part of government.
Unfortunately, it is being accompanied by one of the most wastrel governments in the history of your country, and the public debt is growing by staggering margins.
-Jester