[Lonesome in Massachussets]

I agree, national debt is bad, we should have a balanced budget amendment, or else the politicians will always find ways to waste money. (The balanced budget amendment will have an escape clause for declared wars.)

The actual national debt is far worse than stated since it does not contain the actuarial value of Federal pensions and Social Security “obligations”. Social Security obligations are soon to become “grants” issued by his majesty, Presidente Barack Mugabe to those deemed worthy by virtue of lifelong idleness and improvidence or accident of birth, i.e., inheriting skin tone seen worthy of emoluments from the public purse.

[DoughtyOne]

I’m a little reluctant to add in the actuarials, although I do realize they have to be addressed sooner rather than later.

The faster we move toward individual independence from the government tit, the better off we’ll be.

We need to incentivise the transition to personal responsibility for medical, retirement, and retirement medical.

If it’s done right, folks will be able to save a ton of money in a short period of time, self insure on auto home and health, and have a bright future retirement to look forward to.

Of course this would mean restoring our lending limits to qualified entities, and downsizing the insurance industry’s ability to have it’s fingers in just about everything.