You are full of rationalizations, and sound just like a lib. If you lose your job, stop using your cc’s, sell some of the stuff you bought with the cc’s. Pay the minimum until paid off or consult with a credit debt management company.
People should pay their debts, even if times are hard. However, the world isn’t really that black and white anymore. Banks use predatory lending practices in their credit card business. The banks know their risks quite well and make huge profits off them.
Except for the small local banks there is no concept of honor or integrity in banking.