Well, I'm stating a basic constraint of physics: you have to carry around this much energy and it will require this much mass. You're making a certain assumptio

Well, I'm stating a basic constraint of physics: you have to carry around this much energy and it will require this much mass. You're making a certain assumption about the kind of engine and its exhaust velocity, and finding that there's a problem with low exhaust velocities. That's mostly correct, but in principle there are probably fuel sources which could achieve an exhaust velocity near c -- I'm thinking in particular if you were carrying matter and antimatter, and annihilated them in an ultrahigh-Q cavity with a small aperture to let the light out in only one direction -- or some really crazy futuristic application of lasing. You will still not get better than carrying thousands of times the mass of your spaceship for the deceleration phase, due to a basic constraint of physics.