The National Debt Problem
I have a proposal I would like you to consider.

I suggest the nature of national debt is more complex than most have recognised.

A dollar owed to a citizen is not the same as a dollar owed to non-citizen. Could we consider then refinancing the debt of troubled economies, by issuing bonds, with interest payable only to resident citizens........Depending upon the politics of the country in question, it may be necessary to offer it as an alternative to tax increases..... Interest paid by the respective state should be similar to what is currently being paid to banks. So those individuals holding the bonds should not be losing.

I think this is a lot like the *War Bonds* used to finance WWII.

Clearly, it would be important to apply the funds raised to restructure the debt. It would not be possible to apply this to all debt, as much of the debt which is a concern is owed by companies or individuals, but I suggest this would change the situation for the better.

I look forward to receiving your comments.