Do Deficits Matter? That depends...

That depends on who is answering the question. If you are the one who ends up paying for the deficits [the future generation of children], then 'YES' - deficits do matter. And if you have no children, no legal heirs, no money in the bank, no care in the world, then 'NO' - deficits do NOT matter. (CNN Money.) If the deficits become so bad and unmanageable, I am sure the US could sell Hawaii to some Japanese company or at the very least I am sure Canada wouldn't mind purchasing the state of Alaska.