Reply #10: Not quite right on all counts, but yes, it's a bad analogy for other ..

[forty6]

reasons.

First, in a household the income will go from $40k to $500K in 30 years, so debt of $10 K now is not significant, as long as the household buys what it needs to get to the day the income will be 500K

For the "household" of the USA, that includes educating a few tens of millions college grads, feeding all the 3 year olds who will later be college grads, providing for all the grand-ma's and pa's of the household, innoculating against all diseases, now and in the future, keeping more family members well enough to work and contribute and not die off early, etc.

As for the "government produces the $" well they produce the way we exchange goods and services, through a system of laws, and medium of common exchange, rules and policies which bend and extend when needed, powers granted to some to hire others to do productive work, to protect and educate and inspire the people in the "household" etc.