"Well, we don't live within our means. I mean, the nation doesn't, and increasingly, individual Americans don't. Our saving-the individual savings rate in this country is below zero. The personal debt, national debt, however you want to measure it, as individuals and as a government, and as a nation we assume an endless line of credit.

As individuals, the line of credit is not endless, that's one of the reason why we're having this current problem with the housing crisis, and so on. And my view would be that the nation's assumption, that its line of credit is endless, is also going to be shown to be false. And when that day occurs it's going to be a black day, indeed."

-Andrew Bacevich - (read and/or hear the entire interview here:
Source)

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