The most profound thing I heard from George Gammon is the following:
The national debt doesn't matter, the actual harm is the spending. They print money to pay interest on the debt, the money dissapears the same way it was created. The actual harm was done years ago when they spent the money. They redirected the production of the country and the world towards whatever they spent money on, instead of wherever it would've been used otherwise.
Why do american cars suck compared to japanese? Because our MIC hires all the engineering talent away from the automotive sector, while they have no military spending.
This should be a major source of optimism. We aren't drowning in debt, we are being continuously stolen from. To fix it we don't need to pay the debt off, if we just stop spending, we will see the benefit even if the nominal debt number stays and keeps getting rolled over. The money to pay off the debt doesn't exist in the first place.
