I don't like how people get rewarded for being irresponsible. The whole concept of a corporation allows individuals to take risks without any risk to their own personal net worth. People who were underwater on houses get bailed out. Heck, corporations themselves get bailed out for the purpose of keeping the system afloat, and it's floating but will collapse again. The debt must be purged from the system either through deflation and bankruptcy or a sort of hyperinflation that renders the debt worthless.

With that said, I don't care much what other people do, I'll stay out of debt and live fairly cheap as it suits my personality. I'm also not worried about the economy, not only because of my job being about the most depression-proof job there is (3M medical products plant) but because of the silver bullion and ability to get assets into hard metals or metal related ETFs quickly should the need arise.

In the end debt is just numbers on a computer screen, it's nothing in particular to worry about if the system is played correctly and yes, the ones who rise above the 99% and become wealthy use debt as a tool, which is something I do understand but at this point in my life don't feel like worrying about. I'm happy with things as they are, and don't need to be super rich.