To the vast (vast) majority of Americans, the Debt is a very abstract concept. They hear the numbers and the warnings, but can’t phathom what it really means. They haven’t really felt the pain, so its all just so much hot air. But the really important thing is what they can get now: the student loan, the EBT card, the free phone, the cut rate mortgage, etc. Long term consquences mean nothing when weighted against the here and now.
And when it all turns to shit, the people will scream: Why didn’t anyone tell us?
