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The second vice is lying, the first is running in debt

Collin Williams and I were recently talking about debt levels in America. As it turns out almost everyone we know is deeply in debt. Humorously enough debt doesn’t care how much money you make. Collin pointed this out many months ago regarding the American dream People are able to find themselves deeply in debt even if they win the lottery. Let’s not make any mistake about them folks, the average person does not know how to handle money. We were mostly educated in government run schools.

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The Credit Crunch Explained in Simple Terms

How consumers see the credit crunch: “I’m screwed.”
How creditors and banks see the credit crunch: “We’re screwed.”