First, that is not the people's debt...(he assigns at least 2,000 to every person)...that is the amount of money the government OWES to the people. I like having the government in debt to us.
Actually, it's money that
current and future taxpayers ultimately owe to government bond holders. Much of that debt is held by people who are not citizens, and do not live in this country. Actually, the Chinese (both Chinese businesses and fronts for the Chinese government) now hold a whole lot of United States government bonds. The Japanese also hold a significant amount of US government debt, as do many Europeans.
Well I know what you're saying, but for this discussion the two entities...taxpayers...and government...were separated for a comparison of multiple scenarios