By using this site, you agree to our Privacy Policy and our Terms of Use. Close

To even attempt to deal with a debt pile of that size you need both serious tax rises and serious spending cuts. Unfortunately, neither party will do both.

The Republicans will generally cut spending but will then also cut taxes. The military, which is sucks up a massive amount of resources, but seems almost immune to austerity.

The Democrats will (try) to raise taxes but will also increase the level of spending, in the process getting a lot of negative press-attention from more vocal right-wing 'patriots'.

People always want short-term, quick fixes but for an issue like this there is no such thing, any solution is long-term and will likely cause problems in the short-term, creating a backlash and only serving to make it worse.