What could be more timely than a study about debt? With all the networks crying about oil prices and threats to the economy, consumers are feeling squeezed. Director of the Business & Media Institute, Dan Gainor appeared on the Fox Business Channel today to talk about the Culture & Media Institute [1] and Business & Media Institute [2] joint study, "DEBT Who'$ responsible?" [3] That found the broadcast networks blame businesses, not borrowers for spendthrift ways.

"When you look at how the networks cover [debt] what you find is they ignore personal responsibility and flip it around and blame business for debt. Six times more they blame business than borrowers and almost two-thirds of the time they ignore the whole concept of personal responsibility," Gainor told viewers.

YouTube [4] video after the break.

Gainor also pointed out that Sen. Chuck Schumer's new proposition to put more regulation on lenders giving out loans amounted to living in a "nanny state" where regulators would decide whether or not you can buy a house.