"J. Clarke" wrote:


And after all the businesses and households go under where does the
government get the money to pay off its debt?

The government hasn't paid off its debt in 200 years and
isn't going to. And why would you want it to.

Federal debt is going to continue to grow (with or without a
depression) until the private sector is no longer
drowning in debt. Just as it did in the last big depression.

http://static.cdn-seekingalpha.com/u...hael-Clark.png

The best you can hope for is that the total US debt grows
at a rate that is less than GDP. And that has been the
case for the last 4 years. That is as good as it gets.

http://www.comstockfunds.com/files/NLPP00000/530.pdf