Oh, quite right. Not because it doesn't need to be done, but right now it would be impossible. The resources to do it simply do not exist.

The depressing part for me is that, should we somehow stumble our way out of this crisis it will just be business as usual, the debt will continue to mount until it becomes so overwhelming that the next crisis will have no possible solution at all.

I take it as a given that you cannot borrow your way to prosperity. I dunno... maybe I'm wrong. The world will be a lot better off if I am.

tanstaafl.