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Old 03-20-2017, 08:39 AM
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The problem for most people in understanding why debt doesn't affect a country like it would an individual, lies in the fact that public debt...is not the same as yours and my debt.

https://www.nytimes.com/2015/02/09/o...ands-debt.html





Why public debt is not like credit card debt




America Is Not Drowning In Debt - Business Insider




ETC., ETC., ETC.


So in essence, we need to stop trying to relate the national debt (cumulative deficits) or deficits (less taken in than spent yearly)...with what we're most familiar with.

Not to say that the difference is infinite or cannot be broken, but it's not in the way that most of us can relate to... in our own economic situation.
You have quoted pieces that support your point of view that debt doesn't matter but if you were objective you could find economists that support the exact opposite views. I hear deficiet spending stimulates the economy and agree with that to a point, but it depends on the "investment".. But borrowing, printing, whatever you call it to support spending that has no real potential of return has to catch up with us. Take a cruise missle that I believe cost 1 million apiece to make. You borrow that million and flatten a clay building in Iraq, multiply that by 1000 missles and you have a billion borrowed dollars invested. Using your logic why could we not just open up all the AMT machines across the country and let everyone one take what they need, using honor system of course. It would not hurt anything and stimulate the economy. Maybe