To make college more affordable, we'll make it easier for students to pay back their loans, and forgive their debt earlier if they choose a career in public service.
Some 30% of home sales these days are purchases of foreclosures or "short-sales, " in which a property is underwater and the sellers' banker has agreed to forgive some of the debt in order to allow the deal to go forward.
Unless America can convince the IMF to go soft by accepting a rosier forecast, the Europeans may have to lend Greece more money (difficult), forgive some of its debt (almost impossible), or both.