ppl living beyond their eans has nothing to do with the economy. if they had 1 million they would spend 2 million. most don't follow a budgethell the govern did it so why shouldn't the ppl? that is the mindset. most ppl are only paying the ionterest on the credit cards.then they will rollthe balance over to another card and get a nice limit increase. there are even ppl who got the cards in their kid's names.

this unpaid fraudulent debt is one of the things that caused the recession. this debt was sold overseas to countries and corporations chopped up. the media ied and told you it was mortgages. the credit card and other outstanding loan debts were sold out a couple months before gas prices started to climb.

those countries by the way still want to be paid but have not been. this DOOM is ongoing and not going away.