1. It's different because the internet feeds us every bit of lunacy that happens anywhere in the country, so it looks like everyone has gone insane. (Especially in politics, where the Ds will tell you about every single stupid thing an R says anywhere in the country, and the Rs will tell you about every single stupid thing a D says.)

2. The national debt is probably a result of long-term lack of wisdom, yes. But with an economy the size of the US, there is absolutely no reason to pay it back at only $1,000,000/day. A serious attempt would be more like $1,000,000,000/day.