In our own homes, and our own lives, too many of us buy things we don’t need with money we don’t have, and use credit we can’t afford. We don’t save anything for a rainy day or retirement. We worship at the altar of immediate gratification, and we kick difficult decisions down the road as far as possible.
There are two kinds of people in the world: those who recognize that they have to live within their means, and those who don’t know what the heck that means. Many Americans fall into the second camp. So it’s no wonder that many of us don’t hold our elected officials accountable for their spending sprees and avoidance of debt. We see such behavior as normal.