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    Richard, there is NO WAY the Public Debt can be paid off in conventional ways, or even reduced.
    It is designed to get bigger all the time and even just the interest on the Debt is beyond the means of the annual budget.

    This is one economic certainty of which you can rest assured.

    Just the interest alone on the Public Debt - which increases all the time - requires taxes beyond belief, and more borrowing, and more spending cuts.

    Greece bailed out because the interest on their public debt became non-payable.
    Now Greece has to pay back the interest, the original debt, and the bailout(s) plus the interest on the bailouts (of which there have been two).

    The result is 57% youth unemployment, 27% overall unemployment, mass poverty and people going without medical care, and massively reduced salaries, and huge chunks knocked out of pensions.

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