[Toddsterpatriot]

In any case, bringing up household net worth when discussing government debt is a little like mentioning your rich neighbor when discussing your own debt.

Household net worth was brought up because of HopefulPatriot's following gem:

The middle class is systematically being destroyed in this country as well. The people don't go broke overnight or even over a generation or two. They just get gradually ground down until everybody is equally poor if not impoverished and they live a subsistence standard of living.

When debt is used to temporarily increase your consumption, the long term net effect is to lower your total net worth and lifetime total consumption by the amount of interest that is paid.

[remember]

In any case, bringing up household net worth when discussing government debt is a little like mentioning your rich neighbor when discussing your own debt.

Household net worth was brought up because of HopefulPatriot's following gem:

The middle class is systematically being destroyed in this country as well. The people don't go broke overnight or even over a generation or two. They just get gradually ground down until everybody is equally poor if not impoverished and they live a subsistence standard of living.

Thanks for clarifying that.