smit:
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the national debt really is not a problem. just to break it down in simple terms, part of the debt is attributed to how imports exceed exports. and why does the us have more imports? because the typical american can afford more expensive imported goods... a sign of how healthy our economy is versus the entire world.
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Normally true, but this is far from "normal".
Have a look at consumer purchasing within the US - that is an extension of this financial fantasy when the majority of consumers are racking up credit cards, got both partners out earning a living trying to pay existing bills and, especially recently, failing badly.
There is much more to this than imports exceeding exports - tis too simplistic :-)