Hedge funds, private-equity firms and other parts of the shadow banking system should go, along with over-the-counter derivatives (OTCs), collateralised-debt obligations (CDOs) and other nefarious structured products.

ECONOMIST: The World Social Forum

Raising taxes to bring in money for the government is unlikely to work, and recent austerity programs in Greece have showed to be counter-productive and can actually slow economies and revenue flow, worsening the debt outlook.

FORBES: By 2015, Taxes and Entitlement Cuts to Ease Deficit

It is a mark of the success of the United States' tough-minded - and now, if belatedly, bipartisan - approach to counter-terrorism that our most pressing political issues today are the domestic challenges of debt, job creation, unsustainable entitlement spending, and the appropriate size of government.

CENTERFORSECURITYPOLICY: Center For Security Policy

Collateralized debt obligations (CDO) and other structured finance products trade over-the-counter rather than on an exchange, at least in the United States.

FORBES: Credit Crisis: Where Was The SEC?