US National Debt Is Just Fine
The debt ceiling debate continues but it is really a silly conversation. The capital structure of virtually every fortune 500 company includes the use of debt even although most make a profit. The capital structure of the US is no different (except that governments are not supposed to make profits). Growing the balance sheet is good! Think of it this way, McDonalds, GE and Coke all issue debt and alot of it. Do you think they issued more debt this year than last year? Last century? Of course they did and the United States is no different. Debt is not the problem, as long as our GDP continues to rise along with it. The US deficit is the problem but that's another story.