HANGOVERS SUCK

Let's see; 70% of the American economy is built on consumer spending and cheap, available credit was the driving force. So how can we have a recovery when that credit is either no longer available or the people no longer will use it?

"Most Americans can’t envision a marketplace with no credit cards. Many are now having to adjust to the new economic realities in the economy. Yet the fact that less revolving credit is in the market tells us consumers are pulling back on using their credit cards or banks are simply issuing less credit. In the end, middle class Americans simply cannot spend like they once did. Many are now realizing that they will have to save to purchase items and that isn’t necessarily bad. But with stagnant wages many are finding it hard to save and with no credit card access, dealing with realities that haven’t hit this country for a generation seems as surreal as believing that plastic is money."
My Budget 360