"Increasing GDP often comes with increasing inflation, which reduces the dollar value of State debt which in turn makes it easier to pay off past debt."
The "state", having an infinite amount of money available to it, can never be restrained by any amount of interest. It makes the money needed to purchase the investment in the private sector, so it never "crowds out" or depends upon future revenue/productivity for that investment. How much needs to be added to "infinity" to make its situation better? Isn't it still just infinity?
Why can't we simply agree that sh*&&ing in our own nest has always been a bad econ model and use the infinite power of our goverment to create money to deploy the resources we need to stop doing that? It really is that simple at its core. We would be pleasently surprised at how little we need our spoiled rich beyond destroying our democratic process.