A matter of basic accounting...

Many fret about our national debt, yet they fail to look at the overall picture. As Jerry Bowyer points out:

Imagine for a moment that you are a financial planner and you are advising a family that makes about $130,000 per year. Their total assets, including a house, stocks, and bonds, add up to about $660,000. They owe roughly $130,000. Over the past three years their assets have been growing in faster increments than their liabilities. So, should you be worried about these people? Neither would I. Now, if you were to add 8 zeroes to these numbers, you’d be dealing with an actual family in the real world — the Unites Sates of America.

You can read the doomsday articles in the media and hide under your table with your money, other valuables, and shotgun in hand. Or, you can apply the even the most basic principles from economics and accounting 101 to reach a more logical conclusion...