The US National quote Debt unquote

The US National “Debt” is a liability, is an obligation, but is not an actual ‘debt’ to the federal gov’t (the issuer of $$$) like an actual debt is for a household (the user of $$$).

Federal gov’t ‘debt’ is nothing more than a running total of how many additional $$$ the issuer ‘supplied’ to the users.

Rather than thinking of the rising amount of the federal gov’t ‘debt’ as a bad thing, think of it as a measure of our incremental growth.

(Not wanting to supply the $$$ needed for that growth, and thinking that we need to ‘offset’ higher federal gov’t spending on the private sector with ‘cuts’ elsewhere in the private sector is the same as telling your child that you won’t buy him bigger pants unless he agrees to wear a smaller shirt).

 

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