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To: TheTimeOfMan
The only way out is default or a massive tax in the form of heavy inflation.

The founding fathers would know what to do in a financial mess like this. They'd put up a 25% import tariff and raise it 2% per year until both the trade deficit and budget deficit were zeroed out.

18 posted on 07/31/2019 3:08:13 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

“The founding fathers would know what to do in a financial mess like this. They’d put up a 25% import tariff and raise it 2% per year until both the trade deficit and budget deficit were zeroed out.“

Right after they shot nearly every single sitting and former member of Congress and the SCOTUS for getting us into the mess in the first place.

L


27 posted on 07/31/2019 4:02:07 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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