
America has been called a “credit card society” and statistics tend to show this to be an accurate assessment. Two primary reasons given for this assessment are personal and financial irresponsibility. America and Americans are living on credit. If you can imagine such an amount (and I can’t) our current debt is 16 trillion dollars and our long term liabilities are over 70 trillion dollars. And we, as hard working American taxpayers are on the hook for it all!
A house of cards made out of credit cards………..