Lisa and Stephen Furry Living the New American Dream: In Debt

The economy for the past decade or so has been an illusion. The illusion is built on debt--credit card debt and other bad decisions. This has boosted the economy until recently when it came time to pay the piper. Now indebted Americans are enslaved to their debt much like the federal government. It doesn't appear many are learning their lessons. Take this story today featured in the Los Angeles Times.

Lisa and Stephen Furry splurged on a getaway at a four-star hotel but haven't paid the mortgage on their North Hollywood home since September.

Priorities, priorities, priorities... Were they looking for their government bailout from Obama on their mortgage as they spent a few pampered evenings at a Ritz Carlton or wherever? It's not just the Furry family either. This is a problem in America--a problem that also led to the housing bubble. Everyone feels entitled to the easy life these days, and debt is the best way to live it up.

Lisa and Stephen Furry have hit financial rock bottom, even though they're not acting like it.

The couple filed for bankruptcy a little more than a year ago, wiping out $50,000 in credit card debt, yet their household spending outstrips their income. They shop at Whole Foods, spend freely on beauty products and splurged on a wedding anniversary getaway to Santa Barbara — at a four-star hotel.

They haven't paid the mortgage on their North Hollywood home since September, and a default notice could come at any time.


Things have gotten so bad that Lisa recently borrowed $200 from her 7-year-old daughter's savings account to cover household expenses.

"We're a paycheck away from the homeless shelter," said Lisa, 45, only half jokingly as she sat in her living room next to her 135-pound mastiff named Madison.


Who cares about the kids! Gotta celebrate at the four-star in Santa Barbara! How can Americans expect their federal government to be responsible with money when they don't care enough about their own finances? I hope they find themselves in a tent regretting their Santa Barbara weekend before they get a dime of federal assistance with their mortgage. I hate to be rude here, but...