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I think if we can get people focused to do what we need to do to keep our kids from being stuck with this debt that they didn't accrue, you might be surprised at how far we can move this conversation.

Plus, 40% of our debt is owned by foreign interest. I can't support a plan that passes along cost burden to our children and makes us more reliant on foreign dollars.

The biggest change we have to tackle that's out there is that we're digging the hole deeper and deeper and spending is totally out of control. And that's something that, quite frankly, is affecting future generations. You're giving a lot of debt to them and you can't keep doing it. It's not helping anybody.

What we should be doing is responsibly addressing the primary drivers of our debt and deficit issues.

We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.

Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.

We've got a lot of work to do: not only on education, but on the economy, on our tax code, and on reducing our crushing debt.

By teaching twenty-something year olds responsible debt management practices, we can help them create a balanced lifestyle and find peace of mind through increased financial awareness, smart saving and long-term investing.

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.