That's the most realistic description of the modern definition of credit. When it comes to credit cards, you're pressured into using them to cover things that you should have been able to afford to begin with, enticing you with low monthly payments. The problem is that you get a couple things that you *need* for a while, then you get one or two things that you want and next thing you know you're stuck with no way out.
10 years ago, it was easy to get a new card with a low interest rate (typically 0% for a year) on balance transfers, so if you planned it properly and you got into a hole, you could consolidate to a 0% card and be able to pay off a significant portion (if not all) within that time period. Obviously this is assuming semi-responsible spending habits with the occasional lapse in judgement, not the spend thrifts that will blow their entire wad on clothing, a flatscreen TV and an home theatre system the day they get the card.
Today, those 0% cards are pretty much non-existent. The only way out of the hole once you're in is to either get help with it (many people don't have a friend or relative willing to loan that kind of money), go to a debt consolidation agency (also a racket, but if you can get a good deal can actually work) or completely change your way of life (move closer to work, sell your car for a more fuel efficient one, move to a state with cheaper gas, move to a cheaper household, etc), but that isn't necessarily an option for many people either.