[quote=GH]
Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.
[/quote]
We don’t have to pay off our debts. Did you know that World War II debt was never paid off? It was just inflated away to the point that it was insignificant.
Unfortunately, the current misguided austerity is likely to lead to deflation and higher deficits.
