Debt Headlines Mask Real Issues with Dollar System

The recent milestone of $40 trillion in federal debt has sparked a flurry of commentary, but experts argue that it's not as significant as it seems. The debt clock is simply measuring progress, and both conservatives and liberals react to these milestones like Pavlov's dogs - with preset agendas.

Conservatives focus on Social Security and Medicare, while liberals emphasize progressive taxation to restore the democratic middle-class society of the past. However, neither issue addresses the so-called problem of federal debt sustainability.

The question remains whether the federal debt is sustainable. One answer is 'obviously,' as US debts are denominated in US dollars produced by the US itself - a type of debt that can always be paid exactly as promised, regardless of the debt limit.