Michelle Singletary - Debt Addicts Get A Dose of Reality

Michelle Singletary - Debt Addicts Get A Dose of Reality - washingtonpost.com:

"But many of the individuals who are overloaded with debt need to take responsibility for their bad choices, too. Take credit card debt, for example. Certainly there has been a tremendous push -- for decades -- by financial institutions to get people to view credit cards as indispensable.

And consumers gladly went along, with no complaint, using other people's money until life's hardships -- a job loss, illness or divorce -- got in the way and they could no longer pay today for what they long since had purchased."

(Via The Washington Post.)

A quick, but fair, look at why debtors clearly have to share responsibility in the current economic crisis.