National debt is widely and falsely feared. Prudent use of debt can be a tool of national greatness. Using debt to overhaul the current tax code and transi- tion Social Security into pre-funded private accounts would significantly enhance the nation’s economic well being. The misguided consensus to “pay down the debt” will inevitably result in surpluses squandered and missed op- portunities for future generations.
Lawrence A. Hunter and Steve Conover