> Governments have three ways to retire their debt, and all are pretty bad: What does this mean for our deficit long term? Does the deficit even matter? To wha

> Governments have three ways to retire their debt, and all are pretty bad: What does this mean for our deficit long term? Does the deficit even matter? To what degree? Everything you said is true. It makes it seem like we will most likely never live in a time where the government is cash flow positive (some kind of surplus that is used to pay down debt).