DislikedPolitics mate. Most of time you don't get elected if you do the right thing in economics. Keynes putted in the best words: "The long run is a misleading guide to current affairs. In the long run we are all dead. so who care about the US collapsing in 20 years...thats a problem for the idiot who is president then....
sisseIgnored
Yup, a bit of collective can kicking sorts everything out. Debt is the new money standard, there is more debt in the world then there is collecive money, go figure.
As an aside, if they'd ever change the accounting standard and include public liabilities to the debt column, the entire world is bankrupt. You think the Martians would bail us out?