[bubbleRefuge]

>but absolutely no one in America comes out ahead after that. Huh ?

Anyway. You need to educate yourself. Read up on Modern Monetary Theory. You continue to make analogies between household budget constraints and money issuer budget constraints. Money issuers have no budget constraints. The only constraint is inflation and policy makers the world over have been try to create inflation for 25 years. ( see japan, europe, usa post 2008).

Government debt == private sector savings. Eliminating government debt would lead to another great depression. It makes no sense for a country like ours which is a net importer. Again, you're empowering the politicians with this FUD.