[2ndDivisionVet]

"Americans are not in debt because they live frivolously but because someone got sick. Even with insurance, the deductibles and the premiums are so high that people are still putting medications and treatments on credit cards. And they can't get out from under. I could go on and on, but this is how we're living, people, in 2008."

Sounds like Oprah-speak to me. Many more Americans are in debt from buying junk they don't need than from "putting medications and treatments on credit cards" and you & I (and Mrs. Obama) know that! We don't want to wait and save for that big screen television, that mega barbeque grill, those expensive shoes, the stainless steel kitchen, etc. I do home loans as my main gig, and I see how people get into debt, and believe me, it's not usually medical bills!

[Fiddlstix]

......Many more Americans are in debt from buying junk they don't need.........

......I do home loans as my main gig, and I see how people get into debt, and believe me, it's not usually medical bills!

You Nailed It!
Over the years I've had some good friends in the "bankin' biz" who'll back up what you say. 100%.

[Constitutionalist Conservative]

Sounds like Oprah-speak to me. Many more Americans are in debt from buying junk they don't need than from "putting medications and treatments on credit cards" and you & I (and Mrs. Obama) know that! We don't want to wait and save for that big screen television, that mega barbeque grill, those expensive shoes, the stainless steel kitchen, etc. I do home loans as my main gig, and I see how people get into debt, and believe me, it's not usually medical bills!

But don't you get it? We're going into debt buying all of this stuff we don't need in order to medicate the agony of our broken souls!