Debt. Debt. Debt. Debt. The Republican inspired expansion since 1980 becomes the borrowed American Dream.
I wonder if this is the ‘premier’ chart of our times? Folks bellyache about government spending because that’s where blame is, but the old saw about credit where credit is due has become something more modern: debt wherever it’s offered.
We’re just not smart. All of us. There’s no one at blame here. All of us bargained. Global conditions are similar. The distinctions among nations are moot.
Fixing this is new history, not so much rule changing or switching players, but a fundamental shock to what we call success.
