controversial and often misunderstood macroeconomic topic

Let’s cordially debate a controversial and often misunderstood macroeconomic topic. Our huge U.S. government debt (see the latest debt being counted at U.S. Debt Clock (Links to an external site.)) continues to grow and is constantly in the news.

For your initial post address the following:

Is the large and increasing national debt an issue we should be concerned about?
How does John Tamny view the national debt? What is your conclusion? Is this a problem, why or why not? Be sure to support your conclusion with facts.