Reply #15: america's love affair with debt

[xchrom]

this is a symptom of a bigger disease -- albeit an extremely dangerous facet.
note part of what the article talks about is america's inability to spend it's way out of the doldrums because excessive debt owed to mortgages.
it's rampant materialism combined with america's self identity with wealth that is the underlying problem.
oh yeah all hail ''ownership society'' -- i.e. sell your soul to the company store.