Originally Posted by: Aurelian 
It may be a little premature to say so, but I don't think that we are going to come back from this.
Premature or otherwise, you are correct.
'Our' sovereign debt is over £1,000,000,000,000. Despite our beloved leaders' attempts at 'austerity', we are currently expanding this by over £2,000,000,000 a week just to keep our heads above water.
If the reverse were true (i.e. we were reducing the debt by £2,000,000,000 a week - which isn't remotely possible - and ignoring interest) it would still take ten years to clear.
It is not feasible to pay this debt back (not forgetting the state's unfunded liabilities) without massive inflation and devaluation. That will be the final nail in our 60 year decline towards an economic banana republic.
Quote:
Our civilisation is a single vast machine, powered by electricity.
you are of course forgetting the role of fuel costs (oh wait, that's 'skyrocketed' as well . . . hmmm)