> As is typical, decisions by politicians placed us in this situation. Decade after decade, 4-year term after 4-year term, the government has spent money it does not have.
Every time every one of us votes for any politician who favors any deficit spending - and this is most of us - we give aid and comfort to this outcome. We all want fiscal responsibility until its a cause that touches us emotionally.
The United States will always be in some amount debt, and that's perfectly fine. Going into debt, in order to invest into something with a good RoI is a non-brainer.
It stops being fine when the debt exceeds its ability to pay - which, given that it is in control of its own currency, never has to happen.
What you should be concerned is investments into things with poor RoI. Corporate crony handouts, tax cuts to the rich, building bombs and dropping them out of airplanes, and then rebuilding whatever they blew up, digging ditches and filling them... All of these have incredibly poor RoI.
There's a difference between a state, municipality, or territory engaging in deficit spending, and a sovereign government that controls their currency doing the same.
Every time every one of us votes for any politician who favors any deficit spending - and this is most of us - we give aid and comfort to this outcome. We all want fiscal responsibility until its a cause that touches us emotionally.