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AMERICAN'S ADDICTION TO DEBT -- America has simply borrowed its way to prosperity.

 
Elias
Cat-Man-Doo

User ID: 454918
United States
10/19/2008 11:08 AM

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AMERICAN'S ADDICTION TO DEBT -- America has simply borrowed its way to prosperity.
An average American family owns 13 credit cards, and 40 per cent of them have a balance. Household debt grew from $7 trillion in 2001 to $14 trillion in 2008. An entire new industry of financial jugglery came into being to translate greed into profits.

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“The world doesn't make sense until you force it to.”
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19.47™
User ID: 282917
United Kingdom
10/19/2008 11:12 AM
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Re: AMERICAN'S ADDICTION TO DEBT -- America has simply borrowed its way to prosperity.
Well seeing as how the rest of the world was stupid enough to sell it all to us in US dollars, why not just print a few shiploads more and pay off the bills that way. I could care less.

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