Federal government's purpose is international relations, trade, and defense. Everything should be handled by the states, counties, and towns. Part of what make

Federal government's purpose is international relations, trade, and defense. Everything should be handled by the states, counties, and towns. Part of what makes federal debt dangerous is the fact that we can't possibly run the country without issuing large amounts of debt at this point. If debt continues to grow at the rates that is has been, eventually tax revenue won't even cover the interest on said debt. At some point the US will have to be issuing debt to pay off interest on other debt, assuming we aren't there now - haven't checked in a while. Even assuming that investors never realize how much of a house of cards this is, this continual increase in the money supply will eventually lead to a large amount of inflation, which will devalue the currency, increasing debt required, which feeds back into the loop. Currently, we don't have a major problem manifesting, but judging from pretty much every other country that has run massive debt for an extended period, it is just a matter of time.