strategic default

With all the growing unemployment, families on the brink of losing their homes burdened with massive debt such as cc debt,car loan,mortgage loan,student loan,medical bills,etc...why cant they just bundle it all up and write it off as a strategic default just like the banksters with CRE.

I mean if its too much of a burden to carry the loan and they have nothing to lose why cant they use the same escape as the banksters.

In Canada we have'nt really felt this economic meltdown yet, but if it came to feeding my family or servicing my debt the family would most definitely come first.
People fear debt too much.