And even this would not be enough. This problem has not human solution. We are like the bus driver looking up from his texting and realizing there is a stopped car 100 feet ahead and the bus is going 50 mph.
It is too late to rally do anything but try to watch the accident happen in slow motion and make comments as it plays out. And that is exactly what we are doing.
Eventually, assuming there are reasonably minded adults running the show at most all levels of government (!), the debt, as it stands now, will have to be repudiated.
That is a most unpleasant option, with monstrous effects world-wide, not the least of which will be foreign trade.
Currencies will have to be realigned with the new reality, and a new economic paradigm will have to be introduced to governments across the globe.
Keynesian thought will, of necessity, have to be disgraced and relegated to the trash bin of history, as will Communism as an economic theory.
What is likely in such a scenario is that it will almost certainly be accompanied by war, both global and civil (on the local level at many points internationally).
This is the inevitable, logical end point of an economic theory that, exercised and embraced world wide, is at once anti-human nature and anti-common sense.
My guess is that history will judge is most harshly for the embrace of this continuing folly that is leading to both economic and national suicide in many nations.
At least, that's how I see it.
CA....