The debt level is of no consequence? Yea ok
In 1947 we were gearing down from WW2. We had to just fought a massive world war. Europe was in ashes. The United States as a country was completely unharmed and was in a position of massive economic superiority. There are nowhere near those conditions right now, as Obama has nearly doubled the deficit in 5 years.
Chinese agency downgrades US credit rating - FRANCE 24
Dollar slides as relief at U.S. debt deal fades - Yahoo Finance
It's just a shifting of resources. An economy isn't sustainable dependent upon EBT and federal workers (paid with taxpayer money) shopping at Wal-Mart