I’ll post the other side though... I’ll never forget my Banking 101 class way back when.
Remember, the National Debt, despite that it’s rising, is NOT the “net” debt. The National Debt is partially offset by the national credit. People owe us money too.
The more significant issue is the Budget Deficit. That’s money being spent that we don’t have. So then they go borrow it or have to print it. Eventually it ends up as part of the debt. But still it’s offset.
Kill the Budget deficits, you’ll kill the National Debt.
ping