But that's putting the cart before the horse. You keep saying there is an unsustainable debt spiral, but is there? The deficit expressed a percentage of GDP has decreased every year for the last six years, down to about 2.8% of GDP last year. While a lot of money, that's not particularly high by historical standards and the trend is that the debt is becoming easier to manage, not harder. If we were to return to roughly Bill Clinton-era levels of taxation, that deficit would be mostly wiped out.
In short, the debt is a problem but a manageable one for the foreseeable future.
You jumped from deficit to debt without much explaination.
The Deficit is what we spend compared to the taxes received, each year.
The Debt is all money owed by the US government.
The debt problem.
Jan 2009 $10.6 Trillion ($10.6T from 1776 to 2008)
Jan 2016 $18.8 Trillion ($8.2 T from 2008 to 2015)
That's an increase of $8.2 Trillion in 7 years.
A 77% increase.
The last time the debt increased $8.2 Trillion it took 21 years.
Debt has increased over 10% a year, GDP
has only grown 2% since 2008.
We are using about 8% of our taxes to pay interest on the Federal debt.
If interest rates rise 2%, we would be spending almost 20% of our tax base to pay interest on the debt.
I'm not as optimistic as you about how managable the debt is.
It's still increasing, interest rates are on the rise, inflation* is low
and the economy is in slow growth.
* meaning we aren't inflating our way out of the debt.