Hat Tip: DAG and L. Lennhoff
Just a month ago I wrote a post that any wedding takana beginning with debt, even interest free debt, wasn't much of a plan to begin with and that only the two rules needed to govern weddings should be 1) don't spend a penny more than you have in available cash and 2) govern all affairs with modesty.
Turns out a prominent Chareidi Rav, Rav Michel Yehuda Lifkowitz, is saying the same things. He is quoted as saying:
"A person may not marry his children relying on getting money for the expenses from free loan funds."
- "Many times, the happiness one sees in weddings is only a facade, because of the heavy debts crouching on the parents," he said.
- [In response to a question whether or not a father can obligate himself to payments that will result in an endless cycle of debt and borrowing from one gemach to pay another] he answers there is no heter to marry children at others' expense."
- "A young avreich should not take upon himself a heavy load of debt that he must pay monthly because this will not let him concentrate on his studies."
So there you have it: don't go into debt (unless you are Belz, or something like that). Unfortunately there is no real substance behind these statements of position so long as things remain the same.