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Forum Post: Run Away Train: How America has gone from a nation of savers to a nation of spenders

Posted 12 years ago on Dec. 28, 2011, 3:38 p.m. EST by hchc (3297) from Tampa, FL
This content is user submitted and not an official statement

We used to be the world's biggest creditor, now we are the largest debtor.

The people used to relax and save their money. Now they dont save anything, anything extra is used up almost immediately on gadgets and whatnot.

This thing is a financial disaster from 1% to the bottom of the 99%.

You cant turn a train around that is going this fast, and the cliff is that close ahead.

Good luck to all of you, I hope you lower your expectations of your futures.



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[-] 1 points by Anachronism (225) 12 years ago

We started running up the credit cards in the 70s when we started outsourcing. Not only personal, but municipalities, federal and corporate debt has skyrocketed in the past few decades. It was needed to satisfy the demand problem capitalism has always had. Gotta keep money and good circulating at all times. If a rash of frugality came over the nation - it would a disaster


[-] 0 points by shoozTroll (17632) 12 years ago

We're well over the cliff.


It's been happening for a while now.

[-] 0 points by KingVegetax (51) 12 years ago

I have bigger expectation of my future. I work hard , save what I can and raise my own beef n chickens. Country Folk can survive

[-] 1 points by AFarewellToKings (1486) 12 years ago

I'm a farmer. As I see it, the worse things get the more insecure my future so I gave up thinking along your lines. Bob Marley said " a hungry man is an angry man". The income/wealth gap needs to be closed which means lawmakers need to be pressured which means the 99% need political power which means OWS needs the National General Assembly. NOW.

"The events above noted gave unmistakable evidence of the unity of American sentiment against British oppression; but something more must be done to bring about united action. There must be some central authority to which all the colonies could turn for guidance. This political union came about in the formation of a Continental Congress. This Congress was the result of a spontaneous and almost simultaneous movement throughout the country. From New York came the first call."


[-] 0 points by KingVegetax (51) 12 years ago

" a hungry man is an angry man"

Which is why I raise my own beef. A Springfield A303 , Lazzeroni Warbird and H&K products ensure it will remain my beef.

[-] 0 points by SteveKJR (-497) 12 years ago

Very true - Why do you think the chinese economy is doing so well - the people of this country are supporting them and could care less.

No loyalty here anymore - just a lot of complaining about not having a job.

Do you think maybe it's because of all the chinese made products being imported to satisfy the wants and needs of todays society?

[-] 1 points by hchc (3297) from Tampa, FL 12 years ago

Ya, I can agree that is part of it. All of tv is consumerism, and then theres the commercials- buy, buy BUY!!

Its a total disaster. The 99% are just as greedy and disgusting as the rest. Ever get stuck on the side of the road? You can wait for hours before someone decides to "risk it" and help you.

[-] 0 points by SteveKJR (-497) 12 years ago

Yah, and if they do help and get a finger nail broken in the process they want to sue you.

[-] 1 points by hchc (3297) from Tampa, FL 12 years ago

I cringe everytime I hear someone talking about how they slipped or something in some store, or a handyman broke a window, everyone around them's first statement is always "sue them!".

This nation is out of control. And its not coming back.