Yes. It is not just the “debt” on credit cards either. It is what credit cards are being used for..... regular household budget stuff like gas, utilities, food, etc.
Too few are noticing this but major retailers are the ones saying this.....
It is NOT sustainable. It is especially unsustainable if we are only at the beginning of a deep recession, or God forbid, a depression.
I wish people understood how the world works, but most of the shortfalls in your monthly budget are directly attributable to printing money and our insane energy policies.
Can ANYONE point out a single benefit for the average American in the recent spending bills? Less than 10% of the last bill is actually going to “infrastructure”. The rest of it is going to democrat donors.
We have a lot of structural rot in the system but if we do not address our dollar and energy we have no chance of stabilizing the structure.
We have a lot of structural rot in the system
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Cultural rot as well. We are far, far away from the country we used to be.