We all know very well that both words debt and deficit are very problem and painful. I have watched the video and I do agree with Peter Tanous and Jeff Cox, they are saying right that we must be very alert and should control our financial part, like expenses, and income source, etc, then we can become debt and deficit free people.
I don't think we'll ever become debt free people and I'm not sure that's even a good thing. Having good credit is the important thing and we are in danger of losing that if we don't get the debt under control, which means fixing entitlement spending.
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