Why should we care if the U.S. debt is big?

[yesthattom]

The biggest problem would be that all the Democrat warnings about “bad things happen if we continue Bush’s economic policies” will actually happen. And it is happening:
http://www.dailykos.com/story/2005/1/24/42221/7860
Luckily, the Republicans will pull out their tired old righteous indignation and say things like, “How could we have known?” line.