>The irony is that the US has been running up debt for decades upon decades. The US economy is equivalent to someone that has an unlimited credit line, who pays

>The irony is that the US has been running up debt for decades upon decades. The US economy is equivalent to someone that has an unlimited credit line, who pays absolutely nothing while continuing to spend lavishly. There is no sensible equivalence or even comparison to be made at all since insolvency is impossible for the US government. Government debt is simply a different thing to consumer debt. Period. >GDP, PPP, etc are metrics which have a high signal-to-noise ratio Ironic that you should say this since GDP, PPP, inflation and the rate of government spending are all far more relevant than the overall level of government debt.