> Consider if you've been living the high life based on borrowed money. At some point, you decide to go on an "austerity" program, and cut back the spending so

> Consider if you've been living the high life based on borrowed money. At some point, you decide to go on an "austerity" program, and cut back the spending so you are no longer borrowing. I'm confused about your scenario. Are you continually borrowing, or are you living off a finite quantity of borrowed money? Does an income exist, and if so, where does it come from? Who are you borrowing from, and why did they give it to you in the first place and in what form do they expect it back? Are you obligated towards anyone besides yourself, such as children, aside from the established debt?