Printing money is the historical way to get out of heavy...

Printing money is the historical way to get out of heavy indebtedness. Morals, destruction of savers, retirees, stand no chance to how history has solved the problems. Increasing interest rates - which is the alternative, would destroy the economy as well as the taxpayers that need to fund the interest component of the debt - i.e. taxpayers would just walk away and leave (emigrate). Whether people like it or not, printing money IS the easiest and quickest way out unfortunately - the politicians LOVE it. Its one of the many reasons why fiat currency has never lasted very long.

Also, in answer to your 'destroy savings' comment. You make it sound like it hasnt happened yet, but it actually already has. US rates are at almost zippo, while real inflation is closer to 6%, if that aint destruction of savers already then i dont know what is.