Originally Posted by Guest

No my uninformed friend the National Debt -- is not a simple " left pocket to right pocket shift " as you say and no doubt learned on some simple site such as " The Nation " or " The Huffington Post ".
The money actually leaves the pants and never comes back . It goes out of " the pants pockets " and spent on various and sundry Federal programs and handed off to many countries which hate the USA .
You say the debt is " ours " and no one can get hurt . Who do you think is funding the debt ? Try this out independent pension funds , insurance companies , money market funds , bond funds and also a number of foreign governments such as China and Saudi Arabia .
You don`t think that these individuals and institutions and foreign governments are never going to want to get paid back ?
I am sure that you have a great deal more education and experience in these matters than I do . So would you please educate me on how this works .
I only have a BS in Economics , an MBA in Finance , a Masters in Accounting and a 35 year career in Commercial Banking . Apparently I did not attend the right schools or work for institutions which really understood how fiscal policy actually works ---- make that hasen`t worked since about 1964 .