There is another way but it would require that legislators and judges do what the average American does every day which is - we live within our means or we go bankrupt.
I would propose we eliminate the Fed, which is responsible for inflation, and return monetary control to the Treasury with the dollar being pegged to gold and silver.
I would propose legislation that "eliminates" all federal departments and agencies that have a counterpart at the state government level. E.g., Federal Bureau of Mines and PA Bureau of Mine Safety; Federal Department of Education and PA Department of Education - are a few examples of redundant Federal and State bureaucracies.
Eliminate all federal departments and agencies that have become obsolete or unneeded. E.g., Departments of Housing and Urban Development, Commerce, Energy ...
Legislation that cuts the budgets of every remaining federal department and agency by 10% every year until we drastically reduce the national debt.
Tariff China and other nations to extreme levels to give Americans and American business the advantage in producing and selling products sold by our foreign competitors.
Tax U.S. billionaires and U.S. corporations with billion dollar plus profits at the 90% level every year UNTIL we drastically reduce the national debt.
Drastically cut or eliminate most foreign aid.
You have some ideas I agree with....(anything that reduces the size and scope of government) and you have some crazy ideas about taxing companies/individuals for being successful.
I don’t think it is possible to pay our debts even doing the things you say.
We MAY be able to make headway by selling off the assets of the federal government....including, land, mineral rights, grazing rights, water rights, national parks, etc. etc. This, couple with removal of impeding regulations, and this would unleash a wave of prosperity unmatched in our countrys history.
But we won’t do that, because it interferes with too many sacred cows.
So we are left with default. So one way or another, that’s what we will do.