Ray Dalio's solution for debt is a 3% budget deficit pledge. He knows that it would lead to an immediate recession, but it would be worth it in order to prevent something much worse than a just one or two normal recessions.

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Full-time independent stock market analyst and researcher!
STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio)

Stock Ideas and Analyses for The Small Investor:
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3% Deficit Solution Leads To Immediate Recession!

Want to learn about stock market investing, understand risk and reward of the stocks you buy, learn how to do in-depth fundamental analysis and more? Modern Value Investing with Sven Carlin Podcast covers a variety of investing topics that will help you reach your financial goals.