[Penner]

Over one billion credit cards are in circulation in the U.S.—four for every man, woman, and child—and with 40 percent of families spending more than they earn, this keeps consumption rising, even as income may be declining.

Yep. Credit cards are the only thing keeping this economy going. The more the US moves from a producer to consumer society, the more it will resemble Mexico.

[Toddsterpatriot]

The more the US moves from a producer to consumer society, the more it will resemble Mexico.

How true. This year we'll only have $3 trillion or so in industrial production.