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I understand that sounds reasonable on the surface, "debt crisis." However, it isn't what happens in real life. In real life, perhaps oddly and unlike household debt, national debt (which is borrowed at interest close to 0%, you know) takes care of itself. For example, remember the WWII debt? It shrank all by itself, and recently just disappeared through a crack in the floor. The 1% has made a good thing for themselves out of saying, "If your household ran a deficit...," and gotten everyone who is not a mathematician or a reputable economist nodding. They are hoping you won't notice that national debt and household debt behave nothing alike, and are in many ways adverse in their behavior. By the way, since there is no debt crisis, you might want to think about getting a different handle before someone notices that fact, and you disappear in a poof.