But if we do that, the economy will collapse. Give Ronald Reagan a bit of credit here (pardon the pun).
I agree, I am all for the wise use of credit, buying a house that you can afford is a great use of credit. I am talking about buying things you can't afford even on a payment plan. I know way too many people with 5-10K in credit card debt on the conservative side and that is not healthy for individuals or the economy. Credit is like anything else it should be used with moderation.