The national debt feeds on itself (Part 1)

The compulsion to save is going to dominate the socio-political discussion on this planet for many years. The horrendous national debt and the secular aging in many developed countries exposes all social security systems and becomes immense pressure edition bundle, to the political, social and economic bomb. Assume that the dynamics of escalating public debt now is realize from very few people. On the state level, we fund government services for many decades. These are investments and increasingly consumer spending with credit. No trace of real debt. The result is a vicious circle. Therefore, there is a policy of structural consolidation, which no alternative. The economic recovery in the future we need substantial fiscal surpluses. It can only be achieved with solid demographics reform of social security systems and a full commitment to the principle of subsidiarity in social benefits.