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But at some point we stopped seeing debt as a simple personal relationship.
With the government also seeing debt forgiveness as vital to ending economic uncertainty and attracting much-needed investment, Tsipras is keen to get a deal by the time eurozone finance ministers meet for the last time this year on 5 December.
What you had happen in the U.S. was you were seeing debt grow at a rate of three times faster than the economy for a period of five years.
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"We are seeing debt-collection efforts really being ratcheted up over the last couple of months," said Jay S. Fleischman, a bankruptcy lawyer in Park Slope, Brooklyn.
(See debt ceiling, the explosive of choice).
Not long ago, most people saw debt as a useful tool for consumption and enjoyment.
They also want to see debt falling as a proportion of GDP.
Not really: even Labour's plans would see debt falling relative to national income quite significantly over the parliament.
Debt is the least of them.Mr Brown sees debt relief as but one step in increasing the resources that are made available to fight poverty.
This is no secret, it's actually a well-known reality and in fact mainstream economists often see debt and the creation of credit as a good thing.
Bitterly and too late, Dr. Faustus acknowledged that after a period of overconsumption, Americans now see debt as the primary threat to their well-being.
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