It's called trickle-down-debt.
The country's debt "trickles down" to the people.
Don't get me wrong - the people are hardly innocent in this game...
They buy houses they can't afford, they never save anything, they overextend on all credit cards, and they generally just ignore reality completely - playing online, and staring at their phones and great big HD TVs, all made in China.
Yeah, good news all around!
