Wouldn't the fact that we all earn reasonably good money, living and working within a stable country and economy, have something to do with the level of debt we have and are comfortable with? Don't really see the point in comparing our levels of debt to Euro countries... much less referring to it as a "ticking time bomb".
Not that I have one, but a $5 - 10k debt on my credit card would be nothing to me. I'm confident that I would pay that off pretty quickly should I feel like spending the banks money on something. This story just displays confidence. What a terrible thing that is.
