Of course, one of the most important effects of massive government deficits, is that many governments over the world have now instituted zero interest rate policies, so that they can borrow money for cheap.
This, of course, means that you will not see any reasonable rates of return on savings (or SS) in our lifetimes.
Couple that with the Fed's stated policy of 30% inflation over 20 years...and Drek, could you please tell us how we are going to retire with our money losing so much value between now and retirement with no real opportunities for growth of savings, SS, or 401k?
As you can see, the only thing massive deficit spending creates, is a flat-lining private sector (just like you are seeing today). Thoughts?