Jimmy Gets An "A" In Debt Reduction.

Hey. Did you know that of our $14 trillion plus debt, about $6 trillion is owed to the Treasury or Social Security and is not due right away? Now don't get me wrong, I want to see the government pay Social Security every bit it's owed, as and when it's owed.  We actually owe only about $4.4 trillion overseas. And another thing is that we have the where-withall in the form of assets to pay off all our debt. But it was decided not to do that over the years. It's sort of like deciding to buy a new refrig on time instead of paying cash. You're going to have another monthly payment, but you have the money to pay for it in the bank. Where we're at now is like the guy who bought on time payments and then lost his job. Now suddenly those payments are a little more then he can afford. Even if it's beginning to look like his company is about to rehire him. So all this hand wringing over the debt isn't the big boggyman everybody seems to think it is. Of course it isn't good to have high debt. But having debt isn't the worst thing that can happen. Suppose you decide to have a balanced budget in your household. That would mean you can buy nothing on credit. No car without cash. No house. No nothing. Oh. So you want to make some exceptions? Well so the government needs to be able to make exceptions as well. If you really think about it, our debt isn't all that bad of an idea. Even rich people buy their private jets on credit. Okay class. Now who can tell me what are the four signs of fear-mongering?