AP article today:
35% in USA facing debt collectors
Amid the constant story lines that the economy is recovering is the unreported story of depitalism. And now again a story bubbles to the top pointing to the driver behind any gains (however small) that are actual is buying on credit. See when the economy started falling I had wrote that what was going on was the idea of households living within their means. They were taking rebates and other shenanigans and either saving it or paying off debt. But with a society that’s entertainment industry is funded by MARKETING to the audience (a.k.a. consumer) stuff they don’t have and often stuff that they don’t need, it was only a matter of time than the belt was gonna snap under the pressure. (Heck of a monkey on there back day in and day out!)
Wait for it, soon another so called bubble is gonna bop and then all the market correction and contrived rhetoric will go into spin.
The government who so desperately wants to be everyone’s parent (i.e. dependent on them) has well taught everyone that living beyond your means is okay as well as the antiquated idea of generations past use of a tool called a budget. Why would the dependents be expected to do something that the leadership of our country can’t do?
