The high rate of personal debt is an urgent national concern for the health of the United States economy, on par with the urgency of addressing the Federal debt and debt limit; Congress and the President should cut the United States’ true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt; having the Federal Government avoid default and reducing the Federal debt will not make the United States stronger alone, but household debt should be cut too in order to make the United States strong; and helping citizens of the United States become free of debt to promote personal financial security and to strengthen the Nation’s economy should be a top priority of the United States.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
