You know how they say in the Philippines that the moment you are born, you are already buried under so much debt all before you can even count?

Well, in America, you potentially actually are in debt.

Let's see...

Philippines: "Mag-impok sa bangko," says a public advocacy advertisement.
USA: An American Express slagan says, "Don't leave home without it."

Philippines: Banks have advertisements for elementary-age kids to save their money.
USA: What advertisement?

Philippines: Banks give you a hard time before you can get a credit card.
USA: Credit cards have replaced real money.

Philippines: Want a house? Get a loan.
USA: Want a house? Get a loan--but first, I have to see your credit history!

This credit history thing is what baffles me the most about this country. How can a first-world country, one of the world's superpowers encourage its citizens to dig a hole for themselves just to build a credit history?

You can't buy a car, a house, get a cellphone plan or take a loan if you do not have a credit history. They have to know that you can pay your bills, after all. But how do you build this history? By getting a credit card. Yup, by asking money from a third party first, then try to promptly pay it later. There's a flaw here, however. People who have a lot of money on their hands--or think they do(even if it's on a plastic), tend to splurge. It's called spending beyond their means.

This is what corporate America gorges on the dining table with-- their citizens' gullibility. Actually, it's not so much their citizens' fault. They are forced into this set-up. I point the finger on corporate America and the people at the top of the hierarchy.

My point in all these? Ayokong magka-utang! whaaaaaaaaa!!!!!!!!