<human>: Can you condense the text into three sentences or less?

I'm reaching out to Reddit for input on some financial decisions.  I'm about to refinance my mortgage and while filling out the application realized that I'm pretty far in debt (about 48% of gross income).

**So here's background:**
I'm about to refinance into a 15 year mortgage at a really good rate - which doesn't really do much for the monthly payment, but saves me around $20k in interest by the end of the mortgage.

My wife and I currently carry about $14k in credit card debt between the two of us and I have a $17k car loan.  Between the credit cards and car payment I'm shelling out upward of $900/month.  

I want to sell my car (it will sell for a little more than owed) and use that monthly payment to aggressively pay off the credit card debt in 2011.  Then after paying the credit card debt off put that $900/month onto the mortgage principle. 

So in a perfect world I'd be mortgage/debt free in about 7 years.  Simple concept right?  Here's the problem.

I bring this idea to my wife, to get her input - I tell her that I'm willing to give up my flashy car to get us out of debt.  She doesn't think I should get rid of the car - she likes it, as do I.  I look at it as just a car, there will be more in my life time.  She actually told me I would be "stupid" for getting rid of it.

I currently also own a beater, a car I picked up for < $500 that I actually drive to work every day.  It costs me like $2/day to drive vs. the flashy car that runs $14/day to drive.

I'm looking for validation here - I feel like I'm just running in the wheel, going further and further into debt when all I have to do is sacrifice a little and not have to worry so much.  I'm skirting by making minimum payments on everything but not getting anywhere.

I would have posted this r/frugal but I know what they would say over there; they're some hardcore people in there!
<bot>: I could sell my car, get out of credit card debt in a year, be out of a mortgage in 6 and be rolling in cash by 7.  What would you do?