Whentrying tounderstandwhysomepeople have trouble living within their means, we tend to blame factors such as high interest ratesandirresponsiblespending.
So while the massive bailout and stimulus package may have averted a crisis in the short term, there would be grave consequences for the irresponsiblespending.
Too often the blame is placed on students' irresponsiblespending habits, but I cannot help but feel that college administrators and corporate parties share some of the culpability as well.