Ellen Browne has written another fantastic article about public debt:

CHENEY WAS RIGHT ABOUT ONE THING: DEFICITS DON’T MATTER

I really cannot emphasize enough how important this point is about how our US gov debt operates as the foundation of our economy.  Therefore, it needs to stay BIG.  However, what does need to change in order for it to be more sustainable is that it needs to be interest free, like Japan’s.  The US needs to be in debt to its self.  Yes that’s right.  Read the article to understand why.