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best thing to do is for the government to sort out its figures on how to manage its debt, then we can start looking at the taxation system (to bring better more stable income) and how to create new jobs (personally id go for Green job initiatives, both in the state and private sector)

as for personal debt, i think that the government should work with the private sector to sort out how to 1) insure that current customers who are in debt can regain control of there finances and 2) how best to avoid people getting in to that debt in the first place.