Quote:
Originally Posted by HejiraNYC
But today it seems like everybody is driving the newest, nicest luxury cars, buying $200 jeans and $5000 handbags, flat screen TV's, etc. And it isn't like the country has suddenly become so productive and wealthy. It's just that there is so much more credit available and people have been brainwashed into thinking that it is okay to run up your credit cards/home equity line of credit, and be indebted up to your eyeballs because stuff=happiness and debt=wealth.
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Yes, indeedy. For the past fifteen years or so, everybody -- & I mean everybody -- has gotten those little notices from all the credit card companies that say: "Congratulations! We've just raised your credit limit!"
Hehheh....not so many of those being mailed out at the moment.
