The more debt the US makes the richer it is?!?!

Note that Congressman Stark is worried that what he is saying may not be true. Stark tries to use the old if you don’t have a PHD then you don’t know something? I suggest that Jan ask not about who pays off the debts but who is buying this debt? It is simple logic even for a PHD that as individuals, communities and countries accumulate debt that their ability to pay the debts gets less and less. The only difference with a country with a central bank is that they can pay off the debts with something that is progressively less valuable. So the question is when will buyers of debt stop or cut back, and when they do who will buy it.