The American Dream
Wasn't the Super Bowl wonderful this year? Congratulations to the Green Bay Packers! It is amazing how much money people will spend to attend this game each year. Just a few hours before kickoff, some tickets were selling for over $4000 a seat. Not that it wasn't a great show. It turned out to be a really great game and it was held in perhaps the most extravagant sports facility ever constructed in the history of mankind. Even the halftime show, featuring the Black Eyed Peas, was a spectacle of historic proportions. This year the Super Bowl truly was quite a grand party. In America, everything always has to be bigger and better. We take pride in constantly outdoing ourselves. Other nations of the world look at our great prosperity in envy. But do we ever stop to ask ourselves where all of this great prosperity has come from and if we can continue to afford it all?
The sad truth is that we were once the wealthiest, most prosperous nation on the planet, but now we are deeply drowning in debt. America has become a debt pig that is deeply addicted to debt-fueled prosperity. We had more than any other nation on the planet by far, but that was never good enough for us. We always had to have more. So we borrowed and borrowed and borrowed. Now, average household debt is far larger than average household income, state and local governments across the nation are on the verge of default and our national government has piled up the biggest mountain of debt in the history of the world.
Just read the statistics compiled below. Is there anyone out there that can deny that America has become a fat, bloated debt pig that is completely and totally out of control?
So I hope that you enjoyed the spectacle of Super Bowl Sunday, because there won't be too many more times like this. The greatest debt-fueled party in the history of the world is rapidly coming to an end, and pretty soon it will be time to start turning out the lights.
The following are 17 statistics about debt in America that are almost too outrageous to believe....
