Is the US population blissfully unaware of its dire financial situation, or do they just grin and bear?

Question

In any other nation, wich would have 4 times its annual tax income as national debt, a personal debt of 40% of its annual average (beside mortgage) and not much industrie other the Big Oil and Military to speak of, the population would hang their politicians on the next tree. Instead here, we discuss everything but. Are we brainwashed?

Answer 1

I do think the majority of the population is unaware of the fine line the US is walking. Also I believe it is going to get ALOT worse before it gets better......if it ever does.
Spend..spend..spend just like in a household it will eventually catch up with you. I hope I am wrong but it looks like very bad times ahead and not too far away either.

Answer 2

Always a good question from you, Clame.

Lets see.... yes... they are unaware...
just as unaware to the fact, if we had another black out.... whereby if the electricity DID not get up and running in one week... there would be riots! Why? food shortages.
Stores can only hold enough food for its immediate surrounding population for a max of two weeks. (for get about the fresh food, that would be gone with in four days... either eaten or thrown out)

Food like debt, we are oblivious on how much we rely on "the SYSTEM".

If American's were not so wasteful and free with their money.
(AKA the best consumers in the WORLD)
Foreign investors would look to the second best/largest consumers of the world. (unfortunately, that is Europe)
but a rapidly growing threat, China and India.

If America doesn't smarten up, foreign investors will make Amercians PAY! (higher interest rates) thus "relative" markets will gobble up the benefits of a smaller debt ratio.
(ie/ to a smaller scale, Canada)

just my thoughts

W

Answer 3

Almost all countries have debt several times their annual income. I blame Bush for a lot of things but not for my or your decision not to save and to take on personal debt to increase my/your consumption. However the arguments that we need tax cuts on the rich, which increases the government deficit, because they will save, is contrary to the reality of the conspicuous consumptions we see them indulge in every day.

Answer 4

On the contrary, our brains are in need of a good washing.

The book of Romans explains clearly that "Because they did not consider it worthwhile to know God, God gave them over to a debased mind."

It also explains clearly that "Gods eternal attributes divine qualities are outwardly evident in all things that are created so that no man is without excuse".

If they ignore the things of God and their eternal destiny so readily in favor of their own lusts, why should it suprise you that they are comfortably numb about their financial calamity as long as they can get that hamburger they want for lunch or drive the car they want to.

"Hey man, as long as it doesn't affect my pocket book".