In Debt We Trust: America Before the Bubble Bursts

After viewing the video "In Debt We Trust: America Before the Bubble Bursts”, respond to the following: (Attach questions and answers as a word document for submission)

1. What is the debt revival and how does it work?
2. What does the author mean by changing the Pledge of Allegiance?
3. How much does the average college graduate have in credit card debt?
4. How long does Amelia think it will take her to pay off her debt? Do you think this is a long time? Why or why not?
5. What is the difference between a deadbeat and a revolver?
6. According to Steve Barnett, what is the point of the MasterCard commercials?

7. Can we live without Credit Cards?

8. Who’s to Blame for our Debt?