FT issues warning......U.S. a "burning platform".

[NajdorfDefense]

The growth in tax revenue this year is certainly ahead of the rate of growth of debt.

All that matter is if our net borrowing leads to +EV projects and investments. If it does, borrowing 10% more to make 12% is obviously EV.

If not, borrowing even 1% to lose 2% is negative EV. That is the only calculation that matters.

Also, Gross Debt <> Net Debt. The US and its citizens do own assets, fin'l and otherwise, overseas. E.g. you may own bonds of BP and stock in Sony, et al.

Finally, part of that debt is held by offshore Hedge Funds in Bermuda and the like that is really owned by US investors through investment vehicles. That has already been shown to screw up the data to a small, but growing, extent.