>>>>Paying for 4 year college would be great but I don't think it's going to happen any time soon. Government is broke at every level. The states are actually more broke than the feds because they can't print money.
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>>>Feds can't print money either. Sorry to break the news to you, but it's so since 1913: the federal government borrows from The Fed (the well fed, I'd say), who invent money out of thin air.
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>>That's a distinction without a difference, isn't it?
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>There's a difference between the money the government borrows ant he money it owes. It's called interest. Funny though, how The Fed charges interest on the money it just conjures. Sounds like the Bosnian joke about the guy who forged $13 bills - actually, tens, but he added his costs.

In theory there is a difference. But government debt is a fairly mythical number. The only thing that's really due is the interest. We have had a debt for most of the past nine decades and it hasn't slowed us down.