"Ed Huntress" wrote in message
...

...
National debt is one of the strangest aspects of the whole thing.
There is no way to sort it out by common sense because common sense
has proven to be wrong, time after time. Common sense is based on
experience and we have little experience with the amounts of debt
that
we're talking about here. It's like the old story about personal
debt:
If you owe the bank $10,000, you have a problem. If you owe the bank
$10 million, the bank has a problem....
--
Ed Huntress

Do you agree with this?
http://en.wikipedia.org/wiki/Modern_Monetary_Theory

It seems a logical and well written explanation to me, though I don't
know enough to find flaws in its speculations.

-jsw