Question: Has the National Debt become so large that citizens care less about it now vs when it was smaller and more reasonable?
I think so. I think the zeitgeist is that fiscal responsibility doesn't pay, isn't worth it, and that the money is all fake and should be treated as such. The real constraint isn't how much money you do or don't have, how much you can and can't raise, or how much you do or don't owe. The only thing that matters is how long you can keep bootstrapping your debt forward by convincing others to give you resources in return for vague future promises.
I think so. I think the zeitgeist is that fiscal responsibility doesn't pay, isn't worth it, and that the money is all fake and should be treated as such. The real constraint isn't how much money you do or don't have, how much you can and can't raise, or how much you do or don't owe. The only thing that matters is how long you can keep bootstrapping your debt forward by convincing others to give you resources in return for vague future promises.