Comment Re:probably should have been lowered anyway (Score 1) 1239
All we have to do to solve the problem is stop going further into debt and stabilize economic growth. Inflation will depreciate the relative value of the debt for us.
Steady 5% inflation for 10 years (a bit high, but not entirely intolerable) would "pay off" 40% of the debt by reducing its relative import to 60% of what it is now.
In the meantime, you have $6 to $7 a gallon gas and thousand dollar a month food bills. Anyone who has attempted to save for their retirement has just been turned from a reasonably self-sufficient member of society to standing in line at the food banks and freezing to death because they can't afford $400-$600 a month to heat or cool their house.
This still doesn't stop us from borrowing either, nor does it fix the problem of Social Security and Medicare. The government will now be forced to either double its current budget, or do half of what it's been doing. You get all of the pain of government cuts, and you destroy the middle class and the old. Sounds like a win-win to me [/sarcasm].