10s of thousands of economists around the world come together to try to figure out how to deal our debt, greeces debt, dubais debt and dozens of other countries that are deep in debt. Well I have the solution to all your problems. Its something that can be implemented today and its a fairly simple idea. Are you ready? Here it is.... STOP SPENDING! Ok...heres how you budget. Pay the people you owe money to first (bondholders and other types of debt holders). Next take 10% of your annual revenue and use that to pay down your debt. Take whatever you have left and divide it up between infrastructure, social programs, education, corrections, ect. whatever you want basically. When that money runs out...dont borrow any more. You need more money? Wait for your next check and stay away from the payday loans. THEN you can say we are on the road to recovery.