First - the kind of mortgage I laid out is the type of mortgage that the United States of America is paying. Which is why we have a huge National Debt to begin with.
Second - When is Congress going to start selling off assets to pay their debt?
Third - The bond holders will all get paid by eliminating the debt. Their income will not be eliminated or slashed unless we default. Right now it's a refunding situation where we are paying off mature bonds and taking out more.
Fourth - It's too uncertain. We don't know that. We haven't hit a record amount in the Dow for about 5 years. For the last 18 months it's been fluxuating between 9,500 and 10,500.
Fifth - When you look at the time span between the recessions starting in 1965 going through today, it's getting shorter. The number of months we spend in recession is getting slightly longer during each decade. This may not be a problem now, but it is a problem looming on the horizon.
Sixth - Every day is a great day, some are just better than others. I'm looking out for my own, but as an American, I have a responsibility to look after my family. My parents, grandparents, cousins, children - everyone in my family is affected by what happens with the National Debt. The dollar is getting devalued compared to the Euro and the Yen, more capital is going into interest payments instead of something that is job producing - which keeps wages low compared to the consumer price index.