Instead, they’ll just ask us to spend the rest of our lives chipping away at it.
Clearly, the Federal National Debt is actually within reason of equity. The real problem now, is the rate of federal spending. Either spending goes down, or tax rates must increase by 50% in order to match spending.
The Federal Government is much like a living being. It wants to grow, prosper, and will defend itself like a cornered animal if threatened.
I suppose, that the 2009 budget and intake are overstated and understated respectively, but still....
Most folks discuss these financial issues on a financial basis, when the reality is, that severe times like this are actually more prone to cause regional and global conflict. World War 2 is a good example IMHO.
Good observation. The Fed Gov't is a conglomeration of living (human?) beings. There is good reason why it behaves as you have astutely described.