People like to use the household analogy when it comes to government spending and debt. Some cynically do it to justify cutting social programs. Some (and I inc

People like to use the household analogy when it comes to government spending and debt. Some cynically do it to justify cutting social programs. Some (and I include you here) are genuinely confused. First, literally nobody in government cares about the debt. Of the $32T debt in our entire history, $8T comes from the 4 years of the Trump presidency. Remember that when the next fiscal hawk starts chirping about the need to cut spending. Second, debt doesn’t matter when you can print money in the currency the debt is denominated in. We borrow US dollars. We print US dollars. So if we’rea household who has to pay out build you can’t ignore it fact that we have a money printer in the next room. There have been sovereign currency devaluations in the past too, famously by FDR who changed the gold standard. I would suggest looking up videos on Modern Monetary Theory.