Of all your scoffing on thread, this statement, alone, has some merit. But the word is not "prosperous", exactly. We, the US of A, used to be prosperous. Meaning we made things, we traded for benefits, we grew, we prospered. Now we are, net out, something else entirely.
Living off of captial, okay, but not so much. It's worse.
Borrowing is not prosperity. We are still the richest, free-est and most powerful nation ever. But we have taken on a bad habit, and only by begging from tomorrow are we paying today's bills.
Forgive me, but if "scoffing" is what it takes to avoid being sucked into the pessimism, negativity, doom and gloom on this thread then I'll take it.
The test of a man's character is not being upbeat when everything seems to be going great, but in being positive, being thankful and refusing to become discouraged even when things are not so great. That, to me is the true American spirit.
Not the whining, complaining and sense of personal entitlement I see in these threads.
Exactly. In a way, being a 40 year old woman and moving back in with ones' 70 year old parents is a form of "borrowing" against the future too. Sooner or later all that old person wealth is going to get spent, and what then? What are the *children* of the 40-50 year olds (dependent on aging parents) supposed to do? What is *their* standard of living going to be like? On the level of Mexico? That's where it's heading.