You may view me as one of the hysterical, however my fear is not the debt itself, it is the fear of the debt. This fear, when used by politicians, can be like a tsunami, small waves gathering all at once to swamp a nation unprepared and uneducated on the issue of the debt itself.
I fear the politicians will use the debt to pass laws that will harm my twins, unwarented taxes, unjustified kneejerk reactive laws to "turn things around" in the blink of an eye, or the signing of a presidential order.
Imagine a Tea-Party President, swept into power using Presidential powers to bypass Congress and using his/her popularity to "turn things around"
The debt is a tool for the power hungry, but increasing entitlement programs is what I fear the most, and what could diminish opportunities for my kids, based on less free enterprise and more government meddling in free markets, as healthcare used to be.
The most important examples of entitlement programs at the federal level in the United States would include Social Security, Medicare, and Medicaid, most Veterans' Administration programs, federal employee (a quickly growing population) and military retirement plans, unemployment compensation, food stamps, and agricultural price support programs, and now the new Healthcare program.
These programs grow the debt for my kids, not for me, and that debt I foresee will be a problem for them
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