The Economics of Overspending

Here's a little bit of an eye opener... namely the very economics of overspending!  The economics of overspending is a reality that's hitting countries.  So what's going on?  One has to realize this is where the economics of overspending has literally hit the hard bell on everyone!

I've begun to examine how overspending actually KILLS the economy.  It's one of the reasons why many third world countries remain as third world and it's another reason why America is going down the drain.  From the normal citizens to the government, overspending is literally grinding America to the bone and to bits and pieces then to DUST.  The same practice has also killed third world countries as well.  The U.S. may soon become a third world country with its overspending economy which is already grinding the national budget to dust.  The people are overspending including those in power.  This in turn has created a system that when there is no money, they BORROW and NEVER pay.  This is a bad move because as said, you'll NEVER know when you'll make a bad decision financially or whatever will happen to these economies!  And here's a little bit of overspending habits I think is killing everybody because people will soon FIGHT all over money sooner or later:

1. Gambling is the ultimate risk taking with finances.  This is betting beyond what is able.  Millions and millions of cash are used in gambling which is far worse than most failures people may have had in legitimate businesses.  Most people usually lose more than they earn in gambling.  Talk about how I knew a creepy old hag who got so mad after she was straight flushed in poker.  She was angry because one, she wasn't anybody rich and two, she made a foolish bet that cost around PHP 200,000 worth of cash.
2. New clothes when they aren't really needed- Wow talk about them!  These clothes are usually priced outrageously even if the fabric is NOTHING special.  Most of them are nothing more than status symbols.    
3. Children and their gadgets and toys.  In the 90s there were PLENTY of video game systems like the Super Nintendo, the Sega Genesis, Sega Megadrive, Sega Saturn, Sony Playstation and for STUPID parents who spoil their children, they buy it all and get so many gadgets messed up to the maximum!  Oh yeah, ever remembered the Power Rangers phenomenon of toys in the 90s?  If they can't afford it, they BORROW LOAN and NEVER pay for it!  Oh boy I couldn't imagine what if I had plenty of toys to junk out now?!  
4. A cup of coffee that's overpriced.  Wow talk about "just image" and never thinking of where price meets quality.  I could care less if I paid PHP 100.00 for a cup of coffee if it were super delicious and was a large cup but for a small cup that's plain?  NO THANKS!
5. Getting drunk.  Not only is it a waste of money because liquor costs a lot but it can also cost properties and EVEN a life!
6. Jewelries... seriously I wouldn't wear them in the workplace because they'll just get stolen.  I'm even thinking it'd be better to liquidate the jewelries in the form of cash just in case something bad happens!
7. Wrecking down useful establishments.  Some businessmen and government officials are stupid to wreck down useful establishments just for the sake of "having a project".
8. Living in a house that's WAY BIGGER than usual to make themselves look richer than the others.  Oh boy... and think about how MUCH MONEY they loaned to get an expensive piece of land and all that materials, labor, etc. and they didn't pay for it!
9. Always having a trip abroad at a frequent basis for leisure purposes rather than business.
10. Choosing super duper expensive food calling reasonably priced food as "food for the poor".
11. Going to super duper expensive schools that teach luxurious living.  After all the best always has to be expensive right?!  Wrong!  Sometimes some of the best schools aren't priced that high or that low.  It's all but the right price.
12. Not to mention wasting food.  It already irritated me to see people toss aside a piece of fruit saying it's just less.  And later, when food is not consumed, they just throw it away as if it were spoiled.  This is also a contributor to overspending!
13. Perhaps war mongering.  Most people spend TOO MUCH money on petty battles.  Just think how America's war on certain countries was nothing more than a huge waste of money!  Cobra Commander wasn't found and a lot of money was gone!

All these are a result of live for today, never mind tomorrow and it's just a foolish way to live type of philosophy.  Never mind that tomorrow you may make a bad decision financially, never mind tomorrow your business may slow down, never mind that tomorrow you may lose your money, etc.  And as said, safeguarding past earnings, seeking to increase earnings legitimately are just a few moves to counter the overspending economy whether micro or macro!