[quote=The-Shoveler]
So you really think we will ever be able to pay the national debt without say 7-8% inflation?[/quote]

Pay off the debt or maintain and service it? A little tweaking of both sides of the budget and 3 or 4% GDP growth would provide enough to balance the budget. A few years of 5% growth and a little more tweaking, particularly on the revenue side, could put a dent in the debt.