Yes, in the past many Americans were thrifty. But the social Marxists set out to corrupt and destroy the foundations of our culture. Maybe even more significant than the black racism at Obama’s “church” was the explicit attack on “middle-classness.” People were not to practice “bourgeois” virtues like saving, but to get their “community organizer” to extort wealth from other people.
Unfortunately it’s not just liberals. Just the other day a FReeper told me that I legitimately share the risk when my neighbor wildly overextends himself.