“Under their rule, the federal government is permitted to throw hundreds of billions of dollars around on a misguided bank bailout, but if a banker like John Thain spends $1,500 on a wastepaper basket then all hell breaks loose. Dazzling personal consumption is out. Middle-class drabness is in. It’s sad, but there’s nothing to be done” –David Brooks (02/02/09 Op-Ed column in The New York Times)

One way or another, everyone grows up believing in the American dream, an unspoken contract that if we work hard, behave ethically, spend within our means and put some money aside, we will be rewarded with economic security, a significant other and aspirations within our reach. A dream that has been augmented in recent years with the promise of smart phones, 3-D plasma televisions, eco-friendly luxury cars, and most of all, a new home with a sizable yard in pristine suburban neighborhood with good schools.

This desire for security and consumer luxury has become so ingrained that these goods feel like entitlements due us for our hard work and sacrifice. And over the last decade, these dreams have been stoked by banks offering pre-approved mortgages, stock portfolios promising minimal risk, and car loans with no money down -- all the tools needed to live the good life.

But as American society indulged its desires, the economy imploded, leaving us with empty homes in half-finished subdivisions near malls with the stores that are coming soon to sell merchandise affordable to fewer and fewer of us. The country is caught in suspended animation, littered with enticing ads, large car dealerships and lavish Las Vegas fountains, all the more desperate to attract whatever disposable income is still out there. Meanwhile, the product of this uncontrolled spending lingers in the half finished construction projects, abandoned suburban cineplexes and foreclosed homes that have become all too familiar.

Consumption has destroyed the American dream and the earnest assumption that an ideal life is guaranteed by hard work, a college degree and playing by the rules. Instead we are left with entry-level jobs, no opportunity for advancement, no benefits, inescapable debt, and the cold comfort that we avoided a Depression. Our desire for something more has brought consequences visible in every corner of America. In these spaces, we can see the America we have become.