> It needs to generate enough economic activity such that the TAX on that activity allows repayment of the $7 trillion. AFAICT it does not. And? Very few count

> It needs to generate enough economic activity such that the TAX on that activity allows repayment of the $7 trillion. AFAICT it does not. And? Very few countries have actually had surpluses, especially for extended periods of time, and so have not ever been able to pay down their debt. The little while ago the UK refinanced debt from the South Sea Bubble (1700s), Napoleonic Wars (early 1800s), World War 1 (early 1900s): * https://www.theguardian.com/money/2014/dec/03/treasury-repay-war-debts-bonds-uk https://www.theguardian.com/money/2014/dec/03/treasury-repay... Both the total debt and interest being paid on hit at times rose to very high levels: * https://en.wikipedia.org/wiki/United_Kingdom_national_debt https://en.wikipedia.org/wiki/United_Kingdom_national_debt Carrying this debt for centuries has hardly been a problem.