" Sooner or later Americans have to start to actually save"

economic literacy
doesn't translate
automatically into
fronteer insight

your line here proves it

all americans of the job class
need is to see to it
they get paid
in steady proportion to what they produce

the state's job ???

sky high employment thru rapid job creation
and a balanced trade dollar
and here's the relevent bit

the credit system allocates adequate funds for
productive investment

after all the rest is
dangerous lot price fluff
shylocked durables
and
equities or picasso paintings

there's no net savings by
the household sector necessary
if uncle mans the credit system properly
he can give industry any fresh funds
it needs
that requires an economy wide
industrial policy ...of course
something we only had for the years 40-45
don

" America has plenty of demand.
In fact, it has excess demand."
surely you mean household spending...right ??
u forget the trade gap
that sends some of that household demand overseas

and then there's
the investment side of total spending/demand

good old plant and equipment
excess demand there ??
ie firms aggregate real self exspansion rate
is it full throttle ???

...

the roosevelt social contract

we'll pay according to your productivity

the reagan social contract
we won't pay you according to your productivity
but we will loan you and your gubmint
the difference

...
don

"Yet, the only solutions being proposed involve ways to keep up U.S. borrowing'

don a rescue or buy out is
a stock of debt ownership move

not per se
a net flow of new credit into the production system
or really the assets other then money
from liquidating out of a debt security

don't confuse the two

and debt service relief is about
reducing payments on existing arms

maybe there's a few more moving parts here
then you seem to account for