For over 60 years the U.S government has done nothing but go farther into debt.....
At the same time, individual consumers in the U.S. have done the same thing (via credit cards and bank loans).
Now that the "credit" markets are on the verge of collapse, doesn't that mean all of America is on the same path??
mccain drives me insane..........WE GOT OFF THE GOLD STANDARD..........THAT'S WHAT HAPPENED!!!!!!!!!!!!!!
catharsis...............I didn't mean the bubble STARTED 30 years ago. I meant that the currency hasn't been backed by any thing of value for over 30 years. Which is fine as long as you don't go too far into debt.......well we did.......and now were screwed.
Actually America has only gone in to debt in the last 30 years. Prior to 1980 we were the biggest creditor nation in the world. " I wonder what happened??"