"...Making it acceptable to default on or get bailed out of debt (whatever the source) is a recipe for financial ruin for us AND our children..." Sometimes I w

"...Making it acceptable to default on or get bailed out of debt (whatever the source) is a recipe for financial ruin for us AND our children..." Sometimes I wonder if taking on debt at all is the actual "recipe for financial ruin". Years and years ago, back in undergrad, I sat through a course on mankind's economic history. It was that course that really made me aware of, and made me think about in an analytical fashion, the ancient admonitions against debt and usury. That class made me pretty sure that there was a certain wisdom in those admonitions.