-—— it is hopeless———
No, not hopeless. You made the call using present value of income. The solution is to pay off the debt in inflated income. The compound effect of inflation at say 7% can make the present valued debt manageable in say 10 years.
Compounded Inflation will be the solution.
Bert, I honestly checked and I can’t find a resource that explains it. How does this work?
At the risk of restating the obvious - inflation is the solution for governments and the banks and Wall Street. But it will crush the American spirit for good. It’s happening now, so slowly and unobtrusively. I wish I could see how it stops.