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[quote=Anonymous]Countries can handle debt.  They just finance it.  Japan, for example, has a debt to GDP ratio of nearly 235%. The US is around 125%.

Is it good? No, but is it sustainable, for now? Yes.  It is a drag but the country won't implode.

No, running up trillions in debt every year is not sustainable, because the time will come when investors no longer buy US debt. The only way to entice them to buy our debt will be to give them way more interest, which will hamstring the country's finances.  You can look at that negatively or look at it as if it is a sort of automatic built in natural cap anyway that the US has for spending.

Despite alllllllllllllll of the politics, the US runs up deficits every year for 3 major reasons: Medicare/caid, social security, and the military.

2 out of those 3 reasons are virtually entirely due to healthcare.  The biggest reason the US is racking up so much debt is because the country refuses to completely overhaul our healthcare system that is bankrupting the country without runaway costs.  Fix healthcare and you end up fixing the national debt with combine cuts to the military.  Everything else is politics and small beans compared to those 3. [/quote]

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