I just read an interesting thought piece that suggested that we do the obvious thing in America and just stop messing about with taxes and put the whole federal budget on a credit card. We do it with one third of the total spending spree each year (one can hardly call routine $1,000,000,000,000 deficits every year a 'budget'). We're never ever going to pay back the $16,000,000,000,000 we owe so why not just admit it and put it all on credit? Who's it going to hurt? When I tell people it will hurt people like my little pilot they laugh and call me selfish.
Oh well, we all know how countries with enormous debt manage to cope with it.