There is an excellent article written from the American perspective and experience entitled Repudiate this lie of a debt!
I have elaborated on it here – with a 3-point action list for national governments.
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Posted in Government debt, Nation States, National debt, Public debt, Sovereign debt
Tagged lies, national debts
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Graph from Debt Management Office UK
Chart from http://bit.ly/bco81F
Chart from Wikimedia Commons
Graph from Wikimedia Commons