Compromise regarding consumer debt is a powerful tool. Forgiving Student Loan and Credit Card Debt can send the wrong message and irk those who paid their debts, but telling people to "get a job", or "get a second job" to pay their debts is flawed if the jobs don't pay enough to pay down a person's existing credit card and student loan debts because of never ending interest rate charges.

The compromise solution for those with Unending Credit Card and Student Loan Debt would be to allow such a person to declare Debt Neutrality on their debt if they are experiencing a hardship in their lives. Consumers presently owe 3 trillion dollars in credit card and Student Loan Debt. Put another way, that 3 trillion in debt costs billions of dollars EVERY MONTH in never ending interest rate charges just to maintain the debt where it is!

Debt Neutrality starts with those who can afford to pay down their debts without taking on any new debt, provided the interest rates, penalties and fees are discontinued on their present debts.

After the first wave of Deb Neutrality consumers exercise Debt Neutrality and begin actually paying down their debts, consumers reducing debt actually have a touch more money to spend locally, which in turn should create new job opportunities.

The result could be a cascading affect of economic improvement that requires no government funds of any kind other than possibly providing a modest 3% return of investment for debt holders. The release of the financial death grip that debt holders have over many consumers via credit card and student loan debt is actually good for everybody. Ultimately, getting back previously loaned money by the person who received the loan is the ideal solution, providing 100% payment to principle reduction seems the fairest of all solutions for those who want to pay off the debt but are stuck in a never ending cycle of paying but the debt never goes down because of interest rate charges.

What we need is for Congress to grant Debt Neutrality Rights, and then get out of the way!  

Please follow the Debt Neutrality Petition on Facebook, http://www.facebook.com/debtneutrality and http://www.facebook.com/debtsuspensionrights