[Average College Student]

debt that will take years to pay off? A typical family earns $150,000 a year but occassionally, temporarily, spends more than $88,000 while having a mortgage debt $330,000 is not uncommon. Do people panic? They pay their debts or lose their credit rating.This is where the US government is. Where we all are. When the GOP freeks out about halting (not planning or delaying) payments, they bring about an uncomfortable panic in the minds of their followers. Thankfully Obama has restored sanity and reasonable cuts will prevail.$50,000 a year is typical oopsy