republicans dact like increasing taxes or even removing tax breaks or loopholes is "not serious" in a discussion about debt, so instead of paying more towards credit card debt their solution is just buy less and pay the same (or less), what financial adviser would advise that?
White House: 'Significant' deal on debt possible - Yahoo! Finance
the republicans are playing an incredibly dangerous game of chicken with the economy and trying to tear the economy down to win in 2012. If the republicans get their way some rich will win but the world will lose from the fallout.
the republicans have not worried about a balanced budget for decades ( at least) why reduce our debt now while recovering from the biggest recession we have been in for quite a while? they want to destroy the economy to win to spread their agenda.