The reason why the debt is not a problem is because the Government through its hand maiden, the Federal Reserve, will inflate us out of its burden.
It is that policy that is the problem.
The process is disguised by FR action to assure an "orderly market in Treasuries."
The way for the Federal Reserve to stay on target to achieve low (2%) inflation is to not cause inflation in the first place by monetizing the government's expenditures above tax collections.
Let the government finance its expenditures with taxes and levels of new debt issuance that bond investors are willing to buy at market rates of interest.
The target should be 0%. Why wilfully aim to consume wealth at 2% per year?
You've got a free upvote from witness fuli.
Peace & Love!
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