With a NRST, you are just adding a higher volume of debt in a society that's already gone rabid, and I hate to break it to you, this economy is not as stable as we would have it.
Just where is this higher volume of debt coming from you say the NRST is supposed to be adding to.
Taxation levels are the same under the NRST as they are now.
The FairTax legislation specifically assures the same level of effective progressivity in the tax burden as exists today with the income/payroll tax system.
The individual's contracted wage is under no risk of the NRST, thus he will receive his gross pay he earns with no federal withholding or FICA taken out of it.
Sorry, I totally fail to see your imagined scenario of higher individual debt at all, just the contrary as the factors that lead to such extreme consumption are reversed with the implementation of a retail sales tax.
Saving and investment for future benefit is encouraged by no taxation of savings.investment capital thus wealth grows without the heavy tax burdens of income taxes taken out of re-invested earnings or even the capital put into the investment initially. Consumption on the other hand is taxed and a visible deterrent to excess credit spending is imposed.
Your extended flights into hypothesis are simply substance-less with no foundation to them.
Absolutely! As every economist worth his salt will readily attest.