I would quit, but I have to work off my debt first.
The environment is not doing me good - I'm slacking off (like here at HN), working worse and feeling tired and burned out even when doing little actual work.
Ultimately your current attitude will catch up with you could set your career back. Getting labeled as a slacker could result in you getting crappy projects where you can't grow professionally and personally. You'll become even more bitter/jaded and eventually hit a death spiral. Crappy projects <=> more bitter and jaded. It's very tough to get out of this death spiral once you're in it....
The thing is, here in Uruguay job security is king - if you switch jobs you're a kind of pariah for a couple of years (OTOH if I get fired it's like winning the lottery, about 6 to 8 salaries plus benefits plus 6 months unemployment which for my sector is very good).
So I have to endure another 2 years while I do the MBA - and it's very likely that I'll get a significantly better job offer while I'm doing the MBA due to connections - I'll try to network heavily on the MBA, it's my number one goal from it.
Ironically I haven't been labeled a slacker (and I used to be a top student and respected worker) - my boss is too incompetent to even realize I'm slacking. My projects can't get any crappier though (ever heard of http://en.wikipedia.org/wiki/Forte_4GL ? Not a marketable skill ).
I hope to either get into a project management / CTO position, or start my own company.
They're not nice people, suffice to say, and working for them is apparently no fun. Go figure.