Debt=money? Initially this appeared to be true but, ultimately, this was proved false. An economy that may run forever on debt, was a big lie.
And I believe it has hit its end. Interesting times are still ahead of us as banks find themselves none to give debt/money to. As for you my friends try bankruptcy. It is the fastest way to freedom and to ensure you will not fall into debt again.
People complicate things so. The U.S. isn't an industrial powerhouse, relatively speaking anymore, has a deficit to GDP ratio of at least 13%, which is atrocious, has accumulated debt of at least 64 trillion, and has 19% of its workforce population unemployed (and growing). Without a major turn of events, things will continue to worsen dramatically.