Its working....look at the stock market....do you really think the Government will ever pay off the debt? They can just formulate news laws to forgive and forget and then presto...back to business as usual! Don't ya just love it!
Exactly governments never pay off their debts. Only a few things can happen; default, hyperinflation or war. But having the most sophisicated military in the world allows us to keep the charade going. History will look back and agree with all you doomers out there. But the fact is it can likely go on much longer than you think.
According to Reuter, QE2 only added 0.13% to GDP. This is really pathetic and a complete failure. Of course, all the printing went to boost the Wall Street rally. If it was so bad, how come the fed keeps on printing?