Debt death spiral

Issuing debt when you have problems is not the answer. It is not the answer for today's problems and obviously it will not be the answer for your forthcoming problems... In fact it creates more problems for the future. Take the case of a struggling household, what is the wise thing to do if your income was to decrease for some reason: Keeping your spending as usual by borrowing money? or trying to optimize it and reduce expendables? Everyone on its right mind will tell you the later is the only responsible and logic way to go. Well, everyone but European governments or so it seems.