Friday 23 June 2017

Mary Kenny: From 'Dallas' to debt -- American dream fades as money runs out

Marilyn Monroe, Lauren Bacall and Betty Grable in a scene from 'How to Marry a
Millionaire', a film that epitomised the American dream. PHOTOS FROM 4
Marilyn Monroe, Lauren Bacall and Betty Grable in a scene from 'How to Marry a Millionaire', a film that epitomised the American dream. PHOTOS FROM 4

Surely one of the most dramatic changes we have seen in recent times has been the image of America, from the land of opportunity where everyone had a chance to grow mega-rich, to a country apparently on the edge of collapsing in its own debt.

That America could go bankrupt and be unable to pay its debts -- triggering a tsunami of economic woes throughout the world -- is an almost unthinkable notion to anyone who grew up in the golden American age that followed the end of World War Two. Yet that was what loomed into view this week as Congress battled over President Obama's proposal to raise the national borrowing limit, or "debt ceiling".

Could this be the United States, not only the "land of the free and the home of the brave", but the society that for so many generations glittered with money and riches?

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