Why is the government not particularly concerned with the National Debt?
It’s not a vote-getting position to take when you have to tell the people that we’re spending ‘way more than we’re collecting. Everybody understands this, but they’d like somebody else to take care of it in a way that doesn’t cause them any personal inconvenience. The national debt is just like your personal debt written in capital letters; the biggest difference is that you’re not allowed to just keep spending and spending and spending and spending and spending…..your bank, your credit card companies, your friendly neighborhood loan shark isn’t going to let you get away with this sort of behavior too long. The bank will close your account and take back your car and your home. The credit card companies will seize as many assets as they can. The loan shark will break-a-you-legs, and you’ll still have to pay him back. Who’s going to break the legs of the government? (Okay, forget about China for the moment, let’s keep this domestic and a little bit simple.) Most of the money the govern
