I spend most of my time NOT being in debt up to my eyeballs. No credit cards, no loans, no student debt, no insurance, no drivers license, no mortgage...
I can tell you as a casual observer of the world media, and a former soldier, that war is profitable...and if it's not, cleaning up the mess is. Ask Halliburton, and look into their purchase of Boots and Coots bout a week or so before the Big Oozy (gulf oil spill). Ask the schools that they are building in Iraq that fall over in a nominal wind storm. Ask Ray Nagin bout how he helped to spend the Katrina Relief funds on things like a house in Dallas.
Most of this world is pissy right now about the inordinate amount of debt in the world, and how everyone is now paying the price for bad business at the top.
40% of the debt in the US is student loans.
Who owns you...that is, how much money do you owe to banks, and what can they take from you if you don't toe the line?