RE: Few comments..12 Jun 2018 22:30
Newchurch - No, it's not the only way to ease the debt burden. Living within your means and stop overspending for starters. Every year it becomes worse, the handouts, welfare, milatary spending - but then it's not a vote winner is it. Austerity is a no no to the yanks, a great power seen in decline? I don't think so. The only thing keeping the nation propped up is it's reserve currency status - dollar demand, but that will change due to the debt burden at some point.
Yes inflation will erode debt. It's higher than official figures, just how they want it, the higher the better. The official figure is a marker for tolerance levels.