In sum, Washington could find itself unable to either tax or grow its way out of a historically high debt level. Such a predicament’s ramifications run well beyond just the federal ledger and into the nation’s - and the world’s - economy for the foreseeable future. It also underscores that reducing spending is Washington’s only viable way out of its predicament.
As Margaret Thatcher so aptly said, eventually you run out of other people’s money.
Well, war is a viable answer. This is the classic cause of war.
Certainly not as desirable as cutting spending, but like a Greek tragedy it is apparently the inevitable result.