A good life style can be achieved by following the Maslow's Hierarchy of needs. It is of common sense that people cannot jump to the next level if they don't meet their current level needs.
Well, it's the same with job creation at the private sector and government sector. People cannot create jobs if they don't know what to do. With a good education, entrepreneurship can be promoted, but as of right now, its very hard to achieve due to the high costs of education. Only the top 5% of people at the schools can get it for free, while the rest have to pay the price.
The U.S debt can be reduced by:
1: Reducing State spending, right now debt is growing at a rate close to 10 to 1 in comparison to State revenue.
2. Reduce Local spending, right now local debt grows at a rate close to 1.5 to 1 in comparison to Local revenue.
3. Stop borrowing money from foreign countries. The interest rate on that is making the deficit grow.
4. Encourage Consumer debt pay.
5. Reduce the price of health services by reducing the education prices for doctors, meds, nurses; this will increment the supply of health service provided which will have to reduce the price of service received.
6. Fix the economy disequilibrium by:
*Reducing Negative Net Exports.
*Not over taxing imports; such procedure could spark a depression like the 1930s'.
*Achieving a full employment is not going to balance the budget, but can spark more inflation.