while consumer debt can drive the economy to some degree, it seems like more and more often people are spending more than they could ever hope to make...
housing costs have went insane, consumer debt is through the roof... college debt is through the roof...
it seems we almost have a "I want it now and don't care how much it costs" society... and where will that lead us?
even our government is in a huge amount of debt...
interest alone is killing everyone...
what do you think?
has fiscal irresponsibility hurt our market economy, by giving people more loans that they have money, therefore artificially driving up prices, espeically on high ticket items like houses?
2007-01-23
16:26:07
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5 answers
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asked by
Anonymous
in
Politics