The Total Credit Market tally, at Federal Reserve, is $58.0 tril. That is not only more than the federal total of $17.0 tril. 75 % of Total is actually under some form of repayment plan. The federal portion is not, since it is backed by the tax base.
Anyone saw in the mortgage crisis: That Personal Income is woefully insufficient to pay off that 75% portion, however. That became the real deficit crisis--the elimination of the tax base that is supposed to back the federal notes. The income gap now even alarms the Pope.
Contrary to the Tea Party agenda,Their personal adoration of TARP, being Republicans, is actually bad for business. The Tea Party is big government reliant, like on a federal ACA website, and not a state and local website. The tax base does not come from millionaires and billionaires, unless it is steeply progressive. The Tea Party Red States wouldn't even allow an extension of MediCaid. Instead of paying mortgages, the Tea Party only supports the paying of drug. . . .salespeople(?).
"Crow, James Crow: Shaken, Not Stirred!"
(Some people, after all, need to stay on their own sides of the street--and fences, and boundaries, and ball games--or doll games(?). . . .or. . . .beds(?)!)