In 1997, I was mindlessly walking around Islamabad like an arrogant herd animal and had some time to do some window shopping. I didn't have a credit card then but had recently received my first debit card. I had no luck finding a compatible ATM and only found a few merchants who could accept my Visa debit card.
I mentioned this to my taxi driver who explained to me that most people in Pakistan deal in cash and felt that the fees associated with using a debit card were foolish. Obviously, the idea of paying credit card interest was simply absurd to them.
What a concept. If you don't have money, you don't make a purchase.
The GOP and Democrats are deplorable but I also feel that it's easy to use them as a copout. Our society is sick with the "play now and pay later" disease. While people are pointing to the problems we're facing in D.C., they fail to acknowledge how far into the red their own personal ledger is.
I'm admittedly a cynic but I really don't see a way out of this. 2008 was small potatoes in the big scheme of things. The way our country and citizens spend money is unsustainable and unless it’s corrected, a catastrophic economic disaster will result. This isn’t Tea Party hyperbole, it's simple math.