Time to give America a raise!

[Swish]

Originally Posted by Vilkata [You must be logged in to view images. Log in or Register.]

Maybe people are in debt because the money they make cant buy as much as it used to?

That, plus every time the Federal Reserve (or other other equivalent) prints money it attaches a small extra amount to each dollar (not quite $1.01, but more than $1)... so the debt cycle isn't breakable, there'll always be more debt than people can pay off. If everyone paid off all their debts across the world, the world would still be in debt.

More here if interested... its pretty dry stuff though :/