resigned
ashamed
frustrated

but I believe his assessment is accurate. Credit card consumer debt is a reflection of our nation’s refusal to be financially responsible. Our national debt is staggering.

I wonder what would happen if the world’s economies adopted the Bible’s concept of a Year of Jubilee in which all debts are erased? We’d all be in a much healthier place, even nations like China who have enormous trade surpluses.

It does no good to have the greatest economy on earth if the rest of the planet is ill and dying. We’re one body, many parts, economically and spiritually.

While the economy is a major issue, and the state of several world economies are something to be taken seriously, claiming that the US Economy is “owned by China” is simply not true. It’s been reported again, again, and again and apparently no one fact checks it anymore. America owes the most money to Americans. We own our own economy.

The issue of national debt is important, but let’s not misrepresent and scare people more than they’ve already been. The China Boogeyman and the idea that the running a nation is like running your personal finances (complete with credit card metaphors) obscure how an an economic system works, and shifts the blame so we spend less time on it.

Source: http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

I feel the need to quote Peter Block, or was it someone he quoted, alas I can’t find the words, but the thought is that real change starts with words.