Other than military and some government spending, there are very few areas for US government to save and not get deficits year after year. Inflating/devaluing USD are the best ways possible, even if it is slow and steady. Since 2001, USD has lost nearly 33% of value that speaks alot about the long term wash out of the debt. Do not worry about the debt ceiling, it will be increased more and more, every time the threshold nears.
there is some truth in his post,if only he can substitute 'right' word with something more broad..like Washington for example
Truth is ... IMO there is only one party in Washington. They work for the same corporations and are well paid. If follows then, that to debate who is better, is an "angels on the head of a pin" discussion. As to a debt problem, we will know in a decade or two if it's a problem or not. So far, since 2008, QE and debt seem to be causing serious economic troubles.