Today our federal government has $31.4 trillion of national debt recorded on its books, including $24.6T of Public Debt—which yields a Public Debt/GDP Ratio of 94%. Studies have shown that once Public Debt exceeds 90% of GDP, the debtor nation falls into a debt death spiral as the interest cost starts to suffocate economic growth needed to repay the debt. China, etc. have stopped loaning us money…