DEBT: Credit card high

There’s an elephant in the room that is seriously worrying me. Are we living an economic boom on a credit card?

Our current national debt is nearing $21 trillion. According to what I have read, every American taxpayer is technically in hock for approximately $400,000. That would put my little household in for $800,000, which would amount to a moderately awkward financial situation for us.

As a lonely centrist, I am not looking for tribal grief from either end of the political spectrum. Canned political rants and mindless blame games are completely useless, so please don’t bother.

I would really like to hear from any knowledgeable neighbors or Press staff writers what personal effects we might expect from this massive deficit, and how we should prepare for them. I have already written the president, senators and congressman and received nothing useful.

It has been said that the economic growth from the corporate tax cuts will take care of the problem, but thus far the math there has eluded me. Could this debt throw us into an inflationary depression? How does one prepare for a nightmare scenario like that?

If anyone has knowledge or advice that might help me sleep better tonight, I would certainly be grateful to hear it.

LARRY FREI

Coeur d’Alene