Hi Alea.....
So who pays off the government debt if not the same
individual citizens that also own their private debt?
So when the consumer fails to take on more debt,
the government takes on more debt & passes it on
to their citizens.........so the citizen is either saddled
with more private debt or government debt....or both....
Austerity is not the answer,neither is more debt....their
is only one historical solution & that's a debt jubilee....