I bought a house and carry a loan. I have two credit cards and carry debt with those. The country is the same - debt happens but we need to keep it at a reasonable level. We happened to start TWO WARS AND START AN UNPAID PRESCRIPTION PROGRAM AS WELL AS TAX CUTS FOR THE WEALTHIEST and put it all on a credit card which RAN OUT DEBT WAY out of sight for President Obama to deal with.
Here are 5 reasons there is no debt crisis.
http://www.alternet.org/stop-freaking-out-about-debt-5-reasons-there-no-debt-crisis?akid=10194.294211.lu5OYO&rd=1&src=newsletter810752&t=19
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