The only way to deal with the current debt is to inflate it away.
Mark my words -- great inflation is coming.
Inflation running pretty hot in my area (Central California/FR HQ)...already has had a noticeable impact on restaurant prices over the last 6 months. Am also noticing certain home/grocery items taking pretty big jumps (what’s up with paper towels!?! $8.99 for a 2 pack Brawney “jumbo” roll @ my grocery store!!! Cheaper at WM, but still!). Current inflation rates calculated the “old way” (1980 & 1990):
http://www.shadowstats.com/alternate_data/inflation-charts