You're thinking that this is too much. Some people have taken loans and managed them their whole lives. Some people have taken loans and used the money to start businesses and became wealthy. My argument would be to compare with the example of smoking. Some people smoke until they are 90 and some people who don't smoke get lung cancer.
Loans are as deadly as cigarettes.
It is a spiritual law of the universe that we should not smoke because we are to be physically healthy. Likewise we should not take loans because we are to be financially healthy. And we should be financially healthy for generations. Taking loans by individuals and by governments has caused the downfall of many individuals and nations. There would never have been the stock market crash of 1929 and the depression of the 30's if the country had not gone crazy going into debt in the 1920's.