THE COMMENTATOR SAID "AMERICANS HAVE LIVED WITH A HIGHER STANDARD OF LIVING THAN THEIR PRODUCTIVITY WOULD JUSTIFY. AMERICANS HAVE SUSTAINED THAT STANDARD OF LIVING THROUGH MASSIVE BORROWING".

THE TRUTH IS THAT AMERICANS HAVE NOT LIVED TO A STANDARD BEYOND THAT WHICH THE WEALTH AND PRODUCTIVITY OF AMERICA COULD PROVIDE.

WHEN ALL AMERICAN GOVERNMENT AND INDIVIDUAL DEBT IS TOTALED IT IS JUST $54 TRILLION. THE VALUE OF ALL ASSETS  IN THE UNITED STATES IS $164 TRILLION.