#2019SOTU Democrats' Reaction To American Prosperity

[Nother Level]

https://media1.tenor.com/images/cc15fcfa3f382cf4a16640ec4691b9be/tenor.gif?itemid=5014134

[boutons_deux]

America isn't prospering, only the top is prospering.

[Nother Level]

America isn't prospering, only the top is prospering.

Hillary would've fixed that; amirite?

[Winehole23]

I doubt it. Trump sure hasn't fixed it.

[Winehole23]

But go ahead, thump your chest if it makes you feel any better.

[Spurtacular]

I doubt it. Trump sure hasn't fixed it.

But there's a seed of thought that she would have?

[boutons_deux]

Hillary would've fixed that; amirite?

Hillary! :lol

nope, both parties are corrupted by BigDonor, both implementing neoliberalism for the oligarchy, and austerity of the non-oligarchy. Same story with Brexit, France, etc.

See how the Dems, with or w/o Hillary, are scared shitless of AOC, Bernie, Liz W, and all the true progressives, with the lie that "America isn't ready for democratic socialism For The People".

and, btw, goddamn you're fucking stupid.

[Spurtacular]

Hillary! :lol

nope, both parties are corrupted by BigDonor, both implementing neoliberalism for the oligarchy, and austerity of the non-oligarchy. Same story with Brexit, France, etc.

See how the Dems, with or w/o Hillary, are scared shitless of AOC, Bernie, Liz W, and all the true progressives, with the lie that "America isn't ready for democratic socialism For The People".

and, btw, goddamn you're fucking stupid.

:lmao Hillary bad now. :lmao

[Winehole23]

But there's a seed of thought that she would have?Nope.

Unlike you, I don't project my fantasies on national leaders.

[Spurtacular]

Nope.

Unlike you, I don't project my fantasies on national leaders.

So, you're saying Obama didn't accomplish anything of worth either, huh?

[Winehole23]

So, you're saying Obama didn't accomplish anything of worth either, huh?I wasn't saying anything about Obama, but suffice it to say he was not the transformational candidate he held himself out to be. So much should have been clear when he voted to immunize the crimes of the telecoms before he was elected. There's a lot more continuity from Bush to Obama to Trump than people like to acknowledge.

Obama was a Tory. He preserved and extended the power of his office, while coddling the financial powers that be and stoking the furnace of the war machine.

None of that is good in my book, but at least he kept the financial power on its feet long enough to rip us all off again. 2008-9 was a pretty tough scrape, and we're not out of the woods yet.

[Nbadan]

https://2.bp.blogspot.com/-alG1huFR0bo/XFsofEmkx8I/AAAAAAAAtnQ/sGHU6X2vaJw2d_z02XsiKMGjJ4VvpoOGgCLcBGAs/s1600/51852472_950776048460418_3585464395490131968_n.jpg

[Nbadan]

https://3.bp.blogspot.com/-PO_VWfU01Vc/XFsI9ViAwgI/AAAAAAAAtlw/1PlnYY1xS00mcXeYgM6DTePHkBDvCUGqACLcBGAs/s1600/hillary-sotu-2019.jpg

[Chucho]

Faggoty Boutons was finally correct with his trademarked "God damn your stupid".

Derp, god damn you're stupid. Also, what's the point of an alt for everyone of your "enemies" hers, you retard? You might be the creepiest person here, you sociopath. That one sexual deviant creeper Fabbs is just a socially awkward, penniless, sexually repressed loser, but you're a bonafide sociopath with sick obsessions. You need some real help.

[Winehole23]

At least he kept the financial system on its feet long enough to rip us all off again, is my basic take on Obama.

The economy of the USA emerged grossly intact for people with money to spend.

If you don't, you suck, right?

[Winehole23]

Exclusions of the system. People without money are more or less required to live outside purely monetary transaction..

[Winehole23]

...thrown back on the good graces of the tender and humanitarian culture of the early 21st Century.

[rmt]

WH, do you think (sounds like it) that financially Obama did more harm than Trump (outside of his lies)?

[boutons_deux]

WH, do you think (sounds like it) that financially Obama did more harm than Trump (outside of his lies)?

:lol

[Winehole23]

WH, do you think (sounds like it) that financially Obama did more harm than Trump (outside of his lies)?Not sure what you mean. Presidents don't control the economy.

[DMC]

I wasn't saying anything about Obama, but suffice it to say he was not the transformational candidate he held himself out to be. So much should have been clear when he voted to immunize the crimes of the telecoms before he was elected. There's a lot more continuity from Bush to Obama to Trump than people like to acknowledge.

Obama was a Tory. He preserved and extended the power of his office, while coddling the financial powers that be and stoking the furnace of the war machine.

None of that is good in my book, but at least he kept the financial power on its feet long enough to rip us all off again. 2008-9 was a pretty tough scrape, and we're not out of the woods yet.

This is amusing. You seem to think congress is an audience to the POTUS and so they hold no responsibility for running the country.

[boutons_deux]

Not sure what you mean. Presidents don't control the economy.

I read that Obama, soon after the election, called in BigFinance mucky mucks to discuss how to save BigFinance, rather than calling BigMayor from BigCities to discuss how to save Main St.

iow, both party establishments are totally owned by BigDonor, and BigFinance is probably the biggest of the big.

So how do non-oligarchy people escape the financial rentier capitalism, the wealth-sucking prison?

Ain't No Way Out

[CosmicCowboy]

This is amusing. You seem to think congress is an audience to the POTUS and so they hold no responsibility for running the country.

In recent years of Congress there has been a pattern of abdicating its power to the executive branch with executive orders.

[Winehole23]

This is amusing. You seem to think congress is an audience to the POTUS and so they hold no responsibility for running the country.

I was asked about Obama, of course Congress has a hand in running the country too. silly man

[AaronY]

Obama was a Tory. He preserved and extended the power of his office, while coddling the financial powers that be and stoking the furnace of the war machine.


Lol. What a fucking stupid far left take

[boutons_deux]

I was asked about Obama, of course Congress has a hand in running the country too. silly man

The President is actually comparatively powerless. Congress passes the budget, spends the money, writes tax law, etc.

The Pres has actually very little to do with running the economy.

[Winehole23]

Lol. What a fucking stupid far left takenot sure how you got that.

was there something you took exception to?

[Spurminator]

The President is actually comparatively powerless. Congress passes the budget, spends the money, writes tax law, etc.

The Pres has actually very little to do with running the economy.

Tell that to Mitch McConnell.

[AaronY]

not sure how you got that.

was there something you took exception to?
I'm currently annoyed by the fact that you're a fucking retard who is so far left of center that he thinks that Obama's a Tory right winger

[DMC]

I was asked about Obama, of course Congress has a hand in running the country too. silly man

These faces in the Oval Office don't have a whole lot to do with what's happening to be honest with you. Congress makes all of the decisions which is why there's still no border wall.

Of course the executive has a lot of power however these things you're accusing these presidents of by and large can be attributed to action or inaction in Congress.

[DMC]

I'm currently annoyed by the fact that you're a fucking retard who is so far left of center that he thinks that Obama's a Tory right winger

You've done it now, prepare for three or four consecutive posts with about three or four words each.

[Winehole23]

I'm currently annoyed by the fact that you're a fucking retard who is so far left of center that he thinks that Obama's a Tory right wingerSo angry and proud. It must be very limiting for you to think of politics as a linear spectrum with only two flavors, but if arguendo we stipulate that spectrum you're a bad judge of where Obama falls on it.

FWIW, the Obama as Tory gloss I more or less copped from Andrew Sullivan, nobody's left winger and half a Tory himself.

[AaronY]

So angry and proud. It must be very limiting for you to think of politics as a linear spectrum with only two flavors, but if arguendo we stipulate that spectrum you're a bad judge of where Obama falls on it.

FWIW, the Obama as Tory gloss I more or less copped from Andrew Sullivan, nobody's left winger and half a Tory himself.
So.....Obama's right of center yes or left center..no?

[AaronY]

Inb4 100 word answer to yes or no question

[ElNono]

From a world politics lens, Obama was clearly center leaning right. The optics from the US are clearly different.

[AaronY]

From a world politics lens, Obama was clearly center leaning right. The optics from the US are clearly different.
This is horseshit. He had to be somewhat practical given he country he was in and the people he was working with. The only reason Obamacare didn't have a public option is because Joe Lieberman was the deciding vote and the phaggot torpedoed it. People forget this kind of horseshit. If you look at Obamacare as a whole it was a fairly large case of wealth redistribution

https://www.washingtonpost.com/news/wonk/wp/2018/03/28/obamacare-jacked-up-taxes-on-the-1-percent-gave-16-billion-annually-to-poor/

[Winehole23]

So.....Obama's right of center yes or left center..no?Center right, no question about it.

Appointed a Republican SECDEF, main legislative accomplishment was a Repubilican healthcare scheme (modeled on Mitt Romney's MassCare).

Continued his predecessor's wars, normalized and extended executive power, domestic surveillance and secrecy.

Response to the Great Recession was a bailout of the financial sector and eight years of QE. FDR instituted a NEW Deal and regulated banking: Obama coddled the banks, gave them direct financial assistance and let the rest of the country hoist itself up by its bootstraps.

Which part of all off that is left wing?

Apart from a few more or less evanescent and meaningless culture war gestures, Obama was barely a leftist of any kind.

[Winehole23]

if you think Obama was a leftist, AaronY, let's see your argument for it. Calling me a retard even doesn't get you off the starting line.

[Winehole23]

Btw, what kind of leftist lets Citibank vet his cabinet?

[AaronY]

No point in reasoning with you tbh. Obama proposed raising minimum wage to $10.10, tried to do it but couldnt (he did so federal employees) but even that isnt enough for someone like you.

At the time when adjusted for cost of living the highest minimum wage in the world was like $10


https://www.ac2news.com/wp-content/uploads/minimum-wages-world-424x565.png

https://www.politifact.com/truth-o-meter/statements/2014/sep/26/facebook-posts/do-other-countries-have-higher-minimum-wage-united/

He also needed 60 votes in the senate for everything at the time like I mentioned with Lieberman

[Winehole23]

His failure to raise the minimum wage to 10 dollars makes Obama a raging leftist and is the most significant political effort of his 8 years in office. :lol

There's no reasoning with you, you're barmy.

[AaronY]

$10.77 currently the highest minimum wage in the world by purchasing power lmao

https://ceoworld.biz/2019/01/03/countries-with-the-highest-minimum-hourly-wages-in-the-world-2019/

But yeah, $15 is not far left lol

[Spurminator]

It seems like you're both misunderstanding the other's perspective. I don't think Aaron thinks of Obama as a huge Leftist, and I don't think Winehole's position is that Obama wasn't liberal enough. You seem to both be debating from the interpretation that the other thinks there was a problem with Obama's position.

From my perspective, anyway.

[baseline bum]

$10.77 currently the highest minimum wage in the world by purchasing power lmao

https://ceoworld.biz/2019/01/03/countries-with-the-highest-minimum-hourly-wages-in-the-world-2019/

But yeah, $15 is not far left lol

A lot of those countries don't have a predatory healthcare system bleeding them dry like we do. Though we have it very good here when it comes to purchasing power for food at least. Not that I'm advocating a $15 minimum wage.

[Winehole23]

It seems like you're both misunderstanding the other's perspective. I don't think Aaron thinks of Obama as a huge Leftist, and I don't think Winehole's position is that Obama wasn't liberal enough. You seem to both be debating from the interpretation that the other thinks there was a problem with Obama's position.

From my perspective, anyway.me saying Obama is center right makes me a far left retard in his book, but apart from muh minimum wage, he can't explain how either me or Obama is a leftist.

[Winehole23]

$10.77 currently the highest minimum wage in the world by purchasing power lmao

https://ceoworld.biz/2019/01/03/countries-with-the-highest-minimum-hourly-wages-in-the-world-2019/

But yeah, $15 is not far left lolmuh wage suppression :cry

[Winehole23]

That's a great way to spin Trump fucking up Obama's strong economy.huh? it wasn't a take on Trump at all.

also, it wasn't Obama's great economy: presidents don't control macroeconomic effects, they just get undeserved praise or blame for them.

[Chucho]

me saying Obama is center right makes me a far left retard in his book, but apart from muh minimum wage, he can't explain how either me or Obama is a leftist.

.

[AaronY]

It seems like you're both misunderstanding the other's perspective. I don't think Aaron thinks of Obama as a huge Leftist, and I don't think Winehole's position is that Obama wasn't liberal enough. You seem to both be debating from the interpretation that the other thinks there was a problem with Obama's position.

From my perspective, anyway.
People like him are trying to push the overton window so far left that Obama is a right winger. it's annoying. The fact that if you oppose $15 minimum wage now which like I said is 40% higher than the highest minimum wage in us purchasing power you're a right winger or something now is pretty absurd

[Winehole23]

People like him are trying to push the overton window so far left that Obama is a right winger. it's annoying. The fact that if you oppose $15 minimum wage now which like I said is 40% higher than the highest minimum wage in us purchasing power you're a right winger or something now is pretty absurdwhat's the purchasing power of the US minimum wage compared to the last time it was raised?

asking for the minimum wage to be adjusted for cost of living only moves the Overton window back to the status quo ante.

[Winehole23]

Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation. Back in 2015, The Economist (http://www.economist.com/blogs/graphicdetail/2015/05/minimum-wages) estimated that, given how rich the U.S. is and the pattern among other advanced economies in the Organization for Economic Cooperation and Development, “one would expect America … to pay a minimum wage around $12 an hour.”http://www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/

[Winehole23]

interactive map:

https://www.citylab.com/life/2015/09/mapping-the-difference-between-minimum-wage-and-cost-of-living/404644/

[Winehole23]

hasn't kept up with inflation:

https://sc.cnbcfm.com/applications/cnbc.com/resources/files/2016/07/19/min-wage-inflation.PNG (https://www.cnbc.com/2016/07/21/adjusted-for-inflation-the-federal-minimum-wage-is-worth-less-than-50-years-ago.html)

[Winehole23]

has decreased since 2009:

https://pbs.twimg.com/media/DvbrUVCVsAM25XX.jpg (https://www.reddit.com/r/conspiracy/comments/aab5je/you_need_to_do_47_hours_of_minimum_wage_work/)

[Winehole23]

Wait a second, so you're going to suggest giving 2 trillion in tax relief to the top earners in America, for example, doesn't have any bearing on the US economy? ROFLOne time jolt to GDP, ballooned the deficit, enabled a tsunami of stock buybacks. if capex continues to slow, the GDP growth won't be sustainable.

of course tax cuts have an effect, but they don't drive the business cycle.

[boutons_deux]

Wait a second, so you're going to suggest giving 2 trillion in tax relief to the top earners in America, for example, doesn't have any bearing on the US economy? ROFL

nope, most of that money was spent on stock buybacks (enriching Capitalists), not on investment, and simply pocketed by wealthy who have more wealth than they can ever spend.

meanwhile, real wages earned by Real Americans remain essentially flat, while Real America plunges deeper debt into 20%+ APR household debt that is higher now that 2007.

low unemployment?

Ms of those so-called jobs are part time (when the worker wants full time), dead end jobs, no benefits, no vacation, paying poverty wages, enslaving people to financial precarity and paycheck-to-paycheck scraping by.

and oh year, America, the richest country in the universe, EVER, should compare its Federal minimum wage with the rest of the planet?

:lol Goddamn, you rightwingnutjobs, are ALL fucking stupid and ignorant

[Spurminator]

hasn't kept up with inflation:

https://sc.cnbcfm.com/applications/cnbc.com/resources/files/2016/07/19/min-wage-inflation.PNG (https://www.cnbc.com/2016/07/21/adjusted-for-inflation-the-federal-minimum-wage-is-worth-less-than-50-years-ago.html)

I really think minimum wage needs to be looked at regionally. Impact from inflation can't be assumed to be equal everywhere. Big cities, certainly, but rural towns with one grocery store and a few restaurants wouldn't be able to handle $15/hour. It's a small business killer in a lot of places.

[Winehole23]

I really think minimum wage needs to be looked at regionally. Impact from inflation can't be assumed to be equal everywhere. Big cities, certainly, but rural towns with one grocery store and a few restaurants wouldn't be able to handle $15/hour. It's a small business killer in a lot of places.I quite agree with you. One size fits all solutions create more problems.

[boutons_deux]

I quite agree with you. One size fits all solutions create more problems.

regional and (inter) national CoL adjustments have been done for decades by corporations.

Even now, a job in SFO/NYC pays more than same job in in medium sized cities

The companies that refuse to pay $15 - $20 hour are heavily subsidized by taxpayers who top-up incomes of their poverty-wage employees with public assistance, aka, The Safety Net

iow, the "external costs" of poverty-wage labor used by businesses is paid by taxpayers.

aka, socialism. Taxes "confiscated" under pain of prosecution and given to businesses.

[Winehole23]

add fair wages to the list of things we can't afford:

https://pbs.twimg.com/media/Dy9AI9iU8AA8dzA.jpg

[koriwhat]

add fair wages to the list of things we can't afford:

https://pbs.twimg.com/media/Dy9AI9iU8AA8dzA.jpg

def sad. both sides of the aisle fucking suck!

[AaronY]

I really think minimum wage needs to be looked at regionally. Impact from inflation can't be assumed to be equal everywhere. Big cities, certainly, but rural towns with one grocery store and a few restaurants wouldn't be able to handle $15/hour. It's a small business killer in a lot of places.
$10.10 would have been a fine minimum wage. Then you index it to inflation or cost of living so it gets adjusted annually maybe do something where it's $1 or so more for larger businesses. Give small businesses an advantage for once. $15 is Looney Tunes.

[Spurminator]

Cost of living adjustment is paramount in my opinion. I might even adjust $10.10 down in some places.

[AaronY]

Cost of living adjustment is paramount in my opinion. I might even adjust $10.10 down in some places.
Right-wing nutjob

[FrostKing]

Democrats tend to be the party/movement of change. Positive times or prosperity isn't so effective to their platform

[Winehole23]

Right-wing nutjobI agreed with him, bird-brain.

[boutons_deux]

Cost of living adjustment is paramount in my opinion. I might even adjust $10.10 down in some places.

where can a single person pay rent, phone, food, gas, car/health insurance on $20K / year, assuming $10.10 is paid for 2000 hours/year, rather than typically part time.

[boutons_deux]

Trump is feeding the delusion that the economy is working — and the corporate media is helping him sell it

What was ignored was how it has also grown increasingly more unequal and tilted to the rich since he took office, as the country sinks deeper and deeper into a miasma (https://www.salon.com/2019/02/03/aocs-70-percent-billionaire-tax-is-not-high-enough-90-percent-is-more-like-it/)of long term multi-trillion dollar debt.

So, despite our life expectancy declining (https://www.washingtonpost.com/national/health-science/us-life-expectancy-declines-again-a-dismal-trend-not-seen-since-world-war-i/2018/11/28/ae58bc8c-f28c-11e8-bc79-68604ed88993_story.html?utm_term=.21b4ba9961b8) for the last three years,

one of the highest childhood poverty rates (https://undocs.org/A/HRC/38/33/ADD.1)among the 36 member nations in the Organization for Economic Co-operation and Development, and

the most expensive and least effective health care system (https://www.washingtonpost.com/news/to-your-health/wp/2014/06/16/once-again-u-s-has-most-expensive-least-effective-health-care-system-in-survey/?utm_term=.c8ab527e76b6) among western developed nations,

Trump would have us believe we are the envy of the world. :lol Trash is LYING

China has been growing exponentially faster than the United States.

The U.S. has struggled mightily to expand at all, even as the richest got an increasingly larger share of the nation’s wealth.

could there be a connection between our increasingly extreme wealth concentration (https://www.theguardian.com/business/2014/dec/09/revealed-wealth-gap-oecd-report)and sluggish broad-based economic growth? :lol yep, "studies have shown ..."

“Over the last twenty years the U.S. has had a hard time achieving economic growth . . .

and even though it is averaging two-and-a-half to three percent, part of the time . . .

to say that it’s the best in the world, that’s just a lie,”

“The real wages of Chinese workers, the average amount of money they got adjusted for inflation, has quadrupled in the last 12 to 15 years,”

“What happened to the average wage in America, adjusted for inflation?

It hardly budged.

It went up single digits,

not three to four times.”

Trump cast undocumented immigrants as the only shadow on American greatness,

he didn’t mention one word about

the nation’s growing wealth and income inequality which “is the starkest feature of American economic life in the last 40 years.”

ignoring the very real socio-economic deterioration that has now manifested after

decades of depressed and anemic wages (https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/).

has now mushroomed into

a full- blown affordability crisis that has tens of millions of working- class American households struggling every month to cover the basics.

https://www.rawstory.com/2019/02/trump-feeding-delusion-economy-working-corporate-media-helping-sell/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

[Spurminator]

where can a single person pay rent, phone, food, gas, car/health insurance on $20K / year, assuming $10.10 is paid for 2000 hours/year, rather than typically part time.

Well for one thing there's no one saying you have to live by yourself when you're on minimum wage.

Secondly, that's definitely enough to get by in many rural towns. It's not difficult to find apartments for under $1000 rent, and those complexes are rarely at capacity. The trick is there are so few jobs in those towns already... something a $15 minimum wage would not fix.

[boutons_deux]

Well for one thing there's no one saying you have to live by yourself when you're on minimum wage.

Secondly, that's definitely enough to get by in many rural towns. It's not difficult to find apartments for under $1000 rent, and those complexes are rarely at capacity. The trick is there are so few jobs in those towns already... something a $15 minimum wage would not fix.

$12000/year in rent, plus utilities, on $20K wages, gross?

There's term for that: (severe) "housing stress"

As America continues to urbanize, the depopulation of rural areas will make them unlivable, unless you're some rich asshole building a multi-$M mega-mansion in the Rockies, WY, MT, ID, UT, and probably for retirement.

yep, $15 or $20 / hour only works if there are jobs.

Great thing about these depopulating / underpopulated red states is that they have 2 Senators and can screw populated, liveable, mostly blue states. iow, Fuck The Constitution

[Spurtacular]

$12000/year in rent, plus utilities, on $20K wages, gross?

There's term for that: (severe) "housing stress"

As America continues to urbanize, the depopulation of rural areas will make them unlivable, unless you're some rich asshole building a multi-$M mega-mansion in the Rockies, WY, MT, ID, UT, and probably for retirement.

yep, $15 or $20 / hour only works if there are jobs.

Great thing about these depopulating / underpopulated red states is that they have 2 Senators and can screw populated, liveable, mostly blue states. iow, Fuck The Constitution

This is the closest you've came to a good post. Though you fu'd it in your normal way by the end.

[AaronY]

Well for one thing there's no one saying you have to live by yourself when you're on minimum wage.

Secondly, that's definitely enough to get by in many rural towns. It's not difficult to find apartments for under $1000 rent, and those complexes are rarely at capacity. The trick is there are so few jobs in those towns already... something a $15 minimum wage would not fix.
Here in suburban FL (20 miles north of Tampa near the coast) there are tons of $6-700 apartments around me and I'm not in the sticks. also, these are minimum wage jobs. people still need to develop skills and makes themselves valuable. If your entire skill set consists of being able to make change or wave a sign on a roadside its partially your own fault you're not more successful (shocking concept i know). Learn a trade, become a plumber, carpenter, truck driver, etc.

[boutons_deux]

Red flags emerge as Americans' debt load hits another record

Some red flags emerged for the U.S. economy late last year as

credit card inquiries fell,

student-loan delinquencies remained high and

riskier borrowers drove home automobiles,

the overall debt shouldered by Americans edged up to a record $13.5 trillion in the fourth quarter of 2018. It has risen consistently since 2013, when debt bottomed out after the last recession.

While mortgage debt, by far the largest slice, slipped for the first time in two years,

other forms of borrowing rose including that of credit cards,

which at $870 billion matched its pre-crisis peak in 2008.

one sign of consumer demand, credit inquiries, slipped in the second half of 2018 to the lowest level recorded

Another signal of weaker demand, the closing of credit cards and other accounts, jumped to its highest level since 2010,

while flows into serious delinquency for credit cards rose 5 percent, up from 4.8 percent in the third quarter.

Serious-delinquency flows, a warning bell for economists because they can prelude defaults, spiked in the third quarter for student debt and

remained there in the fourth quarter,

with 9.1 percent of the $1.5-trillion total debt seriously delinquent.



https://www.reuters.com/article/us-usa-economy-debt/red-flags-emerge-as-americans-debt-load-hits-another-record-idUSKCN1Q11YV?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

Looks like America's "prosperity" is debt-financed, not equity-financed.