Maxing out the plastic

Broke Consumers Hit Credit Cards For A Few Last Pennies

  From Clusterstock:

Spending plunged in Q3, and it's likely to continue to get worse. Why?
Because U.S. consumers are broke, and the number of folks eager to lend
us money despite this condition has gotten a lot smaller.

We were broke in 2000, but we were able to borrow money to spend by
tapping the "equity" in our houses. Now we can't tap that equity
anymore (because it's gone), so we've moved on to credit cards. Lenders
are wising up to this, though. And then where's our spending money going to come from?