Debt up to our Eyeballs

Isn't it nice that we keep borrowing and borrowing? Check out the following articles that highlights the recent jump in November in consumer borrowing. It seems we just can't get enough.

http://biz.yahoo.com/ap/070108/consumer_credit.html?.v=4

The only thing I can say is that people's excuse may be the holidays, I think credit card debt is a problem in this country, a large one, but I think its mortgages and housing where we need to be most worried. Let's hope borrowing goes down in December and January.