Reply #7: Two points

[grantcart]

1) Expressing debt as an absolute value versus a percent is without any merit whatsoever.

A comparison of debt to GDP shows a less hysterical result.





2) The numbers for debt outside the US are simply not credible


The answer to your question however is relatively simple - either we grow our way out of debt or it will be an inflationary answer.

If we reinvent our economy on a new energy foundation - like the President proposes and can sustain 2.5% GDP growth over 8-9 years and use 30% of the growth to retire debt we would eliminate a huge percent of the debt and with careful stewardship reduce the huge interest payments that the government is making freeing even more revenue for health care and service programs.