Ok,  so the interest on the debt is roughly 1.51%,  that’s manageable.  But it doesn’t tackle the debt,  only the interest.I know that the U.S. economy is unlike any household budget,  but it seems that just paying interest…..on an ever-expanding debt….will eventually come back to bite an aging country…especially one that is having fewer children,  and one that seems unable going forward to provide the decent wages that the bottom 20-30% will need to become active tax paying citizens.Because the top 5% will still be employing tax lawyers and accountants to make sure that their liabilities will remain….limited.  So we’re fine now;  what about our children and grandchildren?  Or is looking at the long game not what economists do?

Ok,  so the interest on the debt is roughly 1.51%,  that’s manageable.  But it doesn’t tackle the debt,  only the interest.I know that the U.S. economy is unlike any household budget,  but it seems that just paying interest…..on an ever-expanding debt….will eventually come back to bite an aging country…especially one that is having fewer children,  and one that seems unable going forward to provide the decent wages that the bottom 20-30% will need to become active tax paying citizens.Because the top 5% will still be employing tax lawyers and accountants to make sure that their liabilities will remain….limited.  So we’re fine now;  what about our children and grandchildren?  Or is looking at the long game not what economists do?

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