Nikki wrote:But -- wait for it -- there's one minor problem.
The annual debt service cost on the national debt is in the range of $200 billion ($4 trillion of debt at 5% interest rate).
It seems that, after debt service, there's only $175 billion left to fund the entire operations of all the governmental operations in the entire country.
There is no more "national debt" under this system. The federal government would be prohibited from "borrowing" money. So the whole "national debt" issue is removed from the equation.