qman said:

What about the debt of the government, when they can't make the payments, they engage in money printing, citizens don't have that luxury.

What about when a financial institution gets into too much debt (banks), they get injected with capital from the Federal Reserve.

There is a double standard taking place, Wall Street and Washington don't play by the same rules as Main Street.

The question is today, why do middle class people even need to use so much debt?  It's called a lower standard of living, flat wages, unstable employment, and higher living costs.

I never had debt, but again I sacrificed more than most people, but today people are taking on debt just to maintain status quo.

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