Financial Repression

 

Source: https://www.youtube.com/watch?v=-P0g3ETHPg0

This easy to understand video explains how the government can slowly get out of debt, that is, reduce the debt to GDP ratio.  Just pay interest at a lower rate than inflation.  They did it after WW2.  Easy.  It's called inflating away the value of the debt through financial repression.

The only problem is the people who are relying on their savings in the bank and on interest on bonds who will get hurt.  But everyone else benefits from this strategy.