President Obama and Congress need an intervention.
Here are the guidelines for an individual’s debt to income ratio:
What’s a good debt-to-income ratio?
36% or less
This is where you want to be.
37% to 42%
You may want to start paying your debts down before you incur financial difficulties.
43% to 49%
This is a high debt-to-income ratio. You may want to take immediate action to reduce your debt.
You should seek professional financial advice to reduce your debt.
Perhaps China is available?