I agree that people tend to spend too much on weddings these days. As you say, they end up being in debt for years to come which puts a strain on the household - not smart. However, I don't believe there is anything morally wrong with splurging a little bit - it is after all a big day! But even this should be within each couple's own financial means, and if they incur debt, it should be easily payable within a couple of months. If they do go overboard, well then they will probably tend to waste money in other areas too: expensive cars, houses, toys (boats, RV's, what have you) and this is the fastest way into the rat race!
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Thank you. I also think mainly about the debt. It is their big day but I guess people have been made to believe that spending is the way they can get happiness and the celebs are also contributing to this.