How Can the United States Reduce the National Debt?

debt



I won’t be able to look at the answers until I’m home from work, but I look forward to seeing how YA users reckon we could reduce the inhabitant debt. It’s well over $12 trillion and still climbing rapidly. It’s not a problem that will go away if we just ignore it, and the interest on that debt is very substantial. The issue of the inhabitant debt must be addressed, the sooner the better.

What Do You Think of Obama’s Stand Against the Student Loan Free Lunch Given to Banks?

loan



Federal student loans are either directly financed by the government or financed by private banks. Those private banks, but, get paid by the government if the student defaults on the loan.

So banks are basically building profits with very small risk.

Obama has said he wants to cut the middle man out and save the government/tax payer millions in dollars in the process. He also said the banking lobbyiest are preparing for war but that he is not going to back down.

Whose side are you on?