[Mase]

We have more because we borrow more.

We're mired in debt. Is that it? If so, you'd expect our debt to income ratio to be skyrocketing.

Wow! With interest rates at historic lows (You'd expect people to borrow more when rates are low, wouldn't you?)our debt to income ratio hasn't gone up even 1% over the past decade. You've got to work pretty hard to continuously ignore these facts and constantly see doom.

[Toddsterpatriot]

The personal savings rate in 1973 was 10.5%; in 2004, the rate was 1.2%.

I guess in 1973, the spending rate was 89.5%. In 2004, it was 98.8%. Kinda hard to double spending with only a 10% boost in the spending rate, assuming incomes remained the same.

Like I said, math is hard.