Federal Debt

Hi! One more puzzel to breifly explain/resolve: "Since we just owe the federal debt to ourselves, as long as we have economic growth, it poses no burden on society." Thanks, Pearl

U.s. Current Account

Hi Answerguru, Macroeconomics presents many puzzles. Could you briefly explain/ resolve the following statement? "After many years of trade surpluses, the U.S. current account dropped into persistent deficit beginning in the early 1980's." Thanks! Pearl