Consumer Consumption

[i_got_a_mohawk]

This is the real problem in a nutshell. We live in a consumer driven economy. A number I've heard quoted on the news is consumer purchases account for about 3/4 of economic activity in the US. The US gov't needs people to keep buying at an increasing rate in order to keep the economy afloat.

This isn't sustainable. This fact is being proved by the fact people are continuing to go into deeper debt. Of course we have our fabulous gov't's example of Invalid Link Removed to the tune of 9+ TRILLION dollars. If they don't need to control debt spending then why should we? Heck, when we die they can try to take it from our estate, right? Why leave a legacy for our children when we could be driving brand new pimped out Subaru Legacy 4 door sedans with the GPS unit, iPod hookup and hands-free Blue Tooth connector for my superPhone!

Unfortunatly the debt culture seems to be running rife throughout the world right now.

I dont like it, but im in debt too, need to shift on some stuff, but at least its only £700ish im in debt. Which would be alot less if my £550 woth of travelling expenses were paid into my bank account instead of some random's , but thats another story.