"If it Bothers People, Then It's Working"

The national debt clock tracks the U.S. debt, which topped $21 trillion on March 15, 2018. The clock is physically located at One Bryant Park, west of Sixth Avenue between 42nd and 43rd Streets in New York.  Real estate investor Seymour Durst created the debt clock on February 20, 1989. He first put it up at Sixth Avenue and 42nd Street. That's when the national debt was nearing $2.7 trillion and 50 percent of gross domestic product. Durst said, “If it bothers people, then it's working.”

Why the clock is important to real estate and mortgage is that as our debt increases and the dollar is devalued, foreign interest in our Treasury bonds will diminish.  Interest rates are based on bond pricing.   The rate of return must be increased on bonds that diminish in value as the debt increases and foreign and domestic investment in our bonds decreases.  This raises rates.

How do we fix the debt?  We'd like to hear your thoughts.