gold, page-53399

Dentie, too simplistic. Economies are centered around three sectors: public, private and household. They have very different characteristics and dynamics. Uncle Albert's debt for his Toyota Corolla is not the same as US governments debt to finance its operations.

There are some well educated proponents of more government spending not less (aka debt) to fund infrastructure that creates jobs and feeds back into the economy. I don't necessarily subscribe to that view but it does illustrate a chasm of difference between debt held within the three sectors