Over eight trillion dollars of debt. That’s over $27,000 of debt for each American.
How much more will it take to convince people that the United States economy is in trouble? (And that it’s taking other world economies along with it…)
It’s disgusting and sad. It’s no wonder people are feeling hopeless! An economy that survives on consumption now needs people to cut back on consumption to pay their debts? Right, like that’s going to work out well.
Imagine a snake slithering in a circle, consuming its own tail, and then you will have a good picture of the American economy.
