>Just like credit cards, the national debt has interest payments the government needs to pay.

Something I learned a few years ago: debt is to national debt what a chair is to an electric chair[1]. Government has to increase monetary base when economy grows. National debt is a good thing, where credit cards are just awful.

> Interest doesn't buy anything. It's the price of having spent money we didn't have.

And where does interest go? WHERE DOES INTEREST GO? <insert goose chase meme>

[1] or java to javascript :)