It is understandable that people look at the growing "national debt" and view it from the perspective of their personal finances. We just need to keep in mind that finances for a nation with its own fiat money are very, very different from personal finances.
Lol. This has nothing to do with my personal finance. This has to do with the entities responsible for managing the monetary / fiscal conditions of the country. Neither do a good job. It's about as poor a job as Western medicine. We are a "band-aid" nation. No desire to fix the root cause. It's not even being a doomsday pusher - it's just basic logic. You can't fix debt with exponentially more debt. If you can't understand this i can't help you. They can kick it as long as they want. It matters not. The endgame is a losing one.
Macro and micro economics are two entirely different beasts. If you haven't studied macro and instead just extrapolate the micro econ principles you're familiar with from your own life onto economies then, as you would say, "you can't understand this and we can't help you". That's the point, which you appear to have missed entirely.
It's already too late. I think the point of no return was crossed some time in 2011 after the initial round of TARP stimulus. The debt issuance has reached critical mass and there is no stopping it, much less reversing it. You saw what happened when they tried a couple of years back? And the worst part is the reliance on this debt that has restructured finance. This is now a one way street to asset bubbles and the eventual collapse and reset of the system. The only variable is its speed.
TARP was the Troubled Asset Relief Program. The government bought troubled assets which it then liquidated over time. It was profitable to the U.S. government to the tune of tens of billions of dollars. How, exactly, did that put us on this road to doom you seem so certain about, despite, it seems, not actually even knowing anything about the programs you're so sure set us on this road to doom?
So questioning the definition of TARP is your contribution to the topic at hand? Since you appear to be so well versed in economics, can you explain how the Fed can get out of the box they are in or the so called road to doom?