Party’s Over for Credit Addicted American Consumer?

Now that the party’s over for the credit addicted American consumer, what are they going to do? No more easy credit no money down loans to fuel their unending addiction of consumption. Since two thirds of the United States economy depends on the American consumer purchasing unnecessary products to keep it going, where will the money come from? Americans have a negative savings rate, so we can’t fall back on that. Can’t go back to a production based economy, that has been shifted overseas to third world countries. Can’t shift it on over to real estate speculation, that ship has come and sailed. Can’t go back to an agricultural society, they destroyed that at the beginning of the twentieth century. Now, what happens when the rest of the world stops buying our debt?

Does the general American population even know what is going on? Do they even care?