That won't happen unless idiots run the Treasury because it's easily rolled over into new bond issues. The worst of the lies are the ones justifying needlessly

That won't happen unless idiots run the Treasury because it's easily rolled over into new bond issues. The worst of the lies are the ones justifying needlessly painful austerity that get trotted out every couple of months equating sovereign debt with household debt. And a little bit more (not hyper) inflation instead of this disinflation we're stuck in would be very helpful to debtors.