FOR too long now all nations have lived by a rule of extented credit prior to income.
Living within your income, a simple moral rule was abandoned long ago.
Now the chickens, as they say, are coming home to roost.
That rule has to be learned or we will all burn on the bonfires of credit debt.
America is owed by China on paper dollars now.
Maybe worthless paper dollars in the future. A reality check and getting back to living within our means is the only way out of this problem and it is a trend ALL have to follow.