Cautionary tale of debt from a Harvard lawyer

A lot of people I know in medical school are spending a lot of money right now.

J just bought a brand-new car, to drive to a 9-5 rotation at a clinic 15 minutes' commute from his house.
M wants to live downtown VANCOUVER, spending around $1500/month for a beachfront view.

Everyone does this thinking there's going to be a lot of money coming down the pipeline a couple years down the road.

But is there?

Here, a really interesting post by a Harvard-trained lawyer speaking about his view on debt a couple years down the line:

http://abovethelaw.com/2010/01/debt-the-silent-killer/