Austrian Economic Predictions

In this good news piece discussing the accumulation of debt and probable future financial catastrophe, the point being made is that the entire financial system is running on borrowed time.  So, let the markets climb and the financial sectors prosper, but the common person knows from their own budgeting and life experience that you cannot continue to run in the red without paying the piper at some point. We, as a nation, have ceded our responsibility in maintaining accountability over our representatives in order to satisfy our own individual desires.  We will only have ourselves to blame when the collapse comes as we have allowed ourselves to become beholden to the tyranny of debt which cannot be overcome without some suffering that at least equals our laziness and apathy in reaching the current state.