I’ve been hearing and reading a lot lately about consumer debt and overbearing debt collection practices.   It’s a serious problem.  And bankruptcy laws, which were once there to protect the consumer in trouble (with its concept of "debt forgiveness") have been slowly altered over the years to make it much more difficult for consumers to get themselves back on their feet.  So, I’m sympathetic to the general problem.

But I must say, that a lion’s share of the problem is attributable to consumers themselves.  I mean, it’s one thing to, say, have a catastrophe happen and deplete your life savings on medical bills.  However, it’s entirely different when your shopping habits exceed your wallet size.  It’s incredible to me how some people simply have not learned this.

….which is all by way of leading to this great SNL skit on the issue about a revolutionary way to avoid excessive debt: