Guilt based, sure. But we're also a social society. (I love being redundantly redundant). What I mean is that since we are social beings we have a natural desire to help our neighbors.
If the question is simply, "lie or don't lie", then your moral fiber tells you to tell the truth.
But there's also the social motivation. The reason people hate a liar is b/c they lie for self-gain, or for malicious intents. This is neither. It's a minor fabrication to help a fellow man... b/c if you didn't do it you know all the pain and hard work he'll have to go through to cover the expenses.
So I can understand why an honest person would still struggle with this one.
Anyhow, that being said, it may be tough, but why should someone else cover the costs for his fuckup? It sounds to me like this guy needs a to learn to accept the consequences of his actions, there won't always be someone there to bail him out. If his problem was no fault of his own, I'd say help him. But this? Tell him you hope he learned his lesson, have a nice day.
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