National Debt isn't as bad as we make it out to be

Please let me start by stating what I believe are the three biggest problem areas about the US debt. And as a point of contention, I argue that these problems merit a very real concern; one that everyone in the country should begin paying more attention to. 1. The debt is a national security issue. At $16 trillion dollars (with a t) and amounting to over 100% of the gross domestic product of the entire country, the debt is no longer an economic problem, it is a national security problem where the current calls for sequestration and fighting the deficit includes a devastating $500 billion in automatic defense cuts across the board for the next 10 years. If these current cuts to defense are not reversed, the United States Military could see its smallest size and weakest level of readiness not seen since before 1914. And this isn't anything like Obama's ill informed cuts to "horses and bayonets," these lavish cuts are real and devastating to our national security strategy, and as a result the Pentagon has had too acknowledge in its strategic review of 2012 that it can no longer support operations in a two front war, the twin theaters in Iraq and Afghanistan of today are going to be impossible with the military force of tomorrow, and its no wonder that prior to retirement in 2011, Adm. Mike Mullen, former chairman of the joint chiefs of staff, stated that the "The single biggest threat to national security is the national debt. " 2. The debt puts the dollar in danger losing its status as the world's reserve currency. Because of the debt, the US has had it's credit rating dropped from AAA to AA status, this is important because it discourages other nations from lending the US money for its debt and using its dollars. And If American dollars can no longer offer the kind of security and reward that other nations and investors have come to expect, then they will seek more reliable currencies elsewhere. As it stands, the dollars share of the worlds currency marketplace is at a 15 year low, while the number of IOUs coming from the Fed continues to climb. If the value of the dollar is not improved, and more and more countries begin to switch focus to the Chinese Yuan, then the United States may be forced to pay off its debt. The kind of mindless printing, borrowing, and cash inflection that the Fed has recently used to keep the US economy on life-support will be impossible. 3. The debt won't be easy to pay back. The debt provokes the worst kind of partisan politics from Washington, where the only means to make any progress towards actual fiscal responsibility is to either threaten default or government shutdown. Already we've seen how useless super-committees can be, which only resulted in sequestration and handicapping the military, and it only gets worse from there when the only viable options to continue to pay for the debt in the long term is for either party is to accept massive tax increases or more massive spending cuts. The idea however, that the US economy can go back to 90s level tax increases is irrational and must assume that today's economy is actually somewhat similar to a 90s economy, which any member of the record number of American citizens on food stamps knows its not. Furthermore, few politicians have the moral courage or the guts necessary to make the necessary spending cuts to social security, Medicaid and Medicare, or entitlements out of fear of loosing their jobs. Solving the national debt, at over $50,000 per person living inside the United States, will not be the easy -and incredibly unrelated- post World War II boom that my opponent makes it sound. I now look forward to counter arguments.