scooby doo as scooby does:
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Notwithstanding the domestic debt, the problem is not the debt itself, as has been pointed out, in comparison to GNP & the size/position of the US economy, it's not unmanagable. The problem is the cost of servicing the debt. Interest charges etc. Which, by and large, the US has only limited control over. Every day that goes by and nothing is done about that debt, money is sucked out of the US economy, basically thrown away. etc...
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Yeppo.. totally agree!
There is a financial disneyland in the US - still is right now - and this is also being pressured up by the incompetent conduct of the Admin who clearly have nada fiscal policy.
Last spring the "bad news" was wiped under the carpet at budget time when the Treasury report pointed out the real debt problem was $44.2 trill and suggested immediate tax increases to 60%. The comparative for this sum would be to say that 90% of all household assets in the US belong to other nations.
It is also projected that within very few years 40% of the total US economy will be owned by other countries - hell, it's bad enough right now!
There is a war going on, and it's nowhere near the Middle East, - the effects will ripple the world over, but mainly within the US. This is sad shit.
Now.. about that space program. Can someone tell the Sheriff he can't have any petrol for his police cruisers cos "we are going to Mars"?