My arguement...

This is an excerpt of a comment that I made to someone who I was debating with online who claimed that it didn't matter who had the money (the rich/poor ratio), he argued that it was our overspending habits that had put us in this situation.  This was my response: 

Actually, "who" has the money is the crux of the problem. If the majority of consumers don't make enough money to spend beyond the needs of survival of
day to day life, they cannot consume and drive the economy. I am not talking about the irresponsible spending of Americans who have made poor decisions that have
led them to this point, but the many hard working Americans who cannot afford to vacation, have any sort of luxuries (such as eating out at a restaurant - not
McDonalds, buying Christmas presents for their kids, or for instance - paying for college). These are not unrealistic expectations to have as an American citizen,
trying to live the American Dream. There are millions of Americans who are not living irresponsibly, who nonetheless have struggled for years and live paycheck to
 paycheck...there are millions of elderly who are finding their purchasing power declining as well, and on a fixed income. I am not against the wealthy having money,
 but this imbalance was created unnaturally by horrible decisions by the govt and the fed, decreasing the value of the dollar AND funneling millions of dollars to
 those who need it the least (the already wealthy, the failing banks and businesses they bailed out, other countries, wars, etc.) and we WILL pay for it. Some people
 here are talking about household debt, but the nations debt is our debt too. Our nations leaders have acted like irresponsible American consumers. Worse, they have
bought each other off and acted illegally in our name, with our checkbook. The day will come, it is unavoidable, when we must pay this debt back. The lower and
 middle class will suffer greatly when this happens. There will be I dare say, another "Great Depression". The alternative of not repaying our debts is a collapse of
 the US dollar, our credibility, and probably the USA. I hate to be so dramatic, but it is either or, worst case scenario: both.