I had a conversation the other day with someone who told me seriously that we should just 'print more money'. I explained why that wasn't a good idea, and how it would devalue our currency and the value of people's savings. This was a consequence they hadn't thought about.
Our government gets away with a lot of what it does because of the lack of economic literacy of the public.
I really wonder if we can play this debt game indefinitely. It might be possible if the rest of the world goes along. If it hasn’t come to an end now, will it ever?
I suppose a good WWIII might bring things to a head though.