r 32). Not only economic development, but also family income is
             hurt by debt. With the cost of living going up, it becomes harder to
             find a job. According to the Concord Coalition, real wages peaked in
             1973 and have gone down ever since. If the economy grew as fast as it
             did in 1950, without a debt, the median family income would be
             $50,000, compared to the present median of $35,000 (Rau M-1).
             As of current fiscal year's budget, the United States government
             spends $1.64 trillion yearly. $500 billion of that, or 1/3 of the
             total, is for discretionary spending (Rau M-1). This discretionary
             spending is the target for most cuts, and seems to be the easiest to
             make cuts in. Overall, the difference between the two parties budget
             plans is only $400 billion. This could easily be trimmed by
             eliminating tax cuts and adjusting the consumer price index to
             reality. Democrats say the GOP plan is too lopsided, and Republicans
             ...