I’m not really sure what your point is, but to say:”Paying off the $15 trillion isn’t the immediate objective. It is to change the spending arc and deficits downwards towards a balance budget in a decade or so. Growing the economy will help reduce deficits and if we reform the entitlement programs and decrease spending, the debt will become a smaller portion of GDP. Obviously, the status quo is not sustainable.” is absolutely ludicrous. You balance the budget, assuming that will be done and there’s little chance that it will, then the ever increasing interest on the debt will ultimately eat the entirety of the U.S. budget. And that’s only part of the problem. The truth is that it’s impossible to “grow” this economy fast enough to ever catch up with the growing debt. And why is that the case? Because of the huge number of people who live off the gov’t rather than work and pay taxes to the gov’t.
This thing is cooked, it’s done, you can stick a fork in it. If you want to continue to drink the elites establishment kool-aid, that’s your business, but in the end it will kill your financial well being.
Not if you grow the economy and make the debt a smaller portion of GDP.