"Did you know that 77 million Americans have unpaid debts that are "in collections" and that Congress is actually thinking about letting post offices offer payday loans?
We live in a country where almost everyone is drowning in debt and where most people are either flat broke or very close to flat broke.Years ago, "your Mama is so broke" jokes were all the rage, and at the rate we are going they could make a big comeback.
Some of my favorites were "your Mama is so broke she went to McDonald's and put a milkshake on layaway" and "your Mama is so broke your family ate cereal with a fork to save milk". "
4. Americans are so broke that car dealers are having to go to extreme lengths to get new customers. Last year, one out of every four auto loans in the United States was made to someone with subprime credit.
Read 'em all and weep for our country.
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