Wrong. Devalue the dollar 90% and it becomes no problemo.
Then, the few working people in 2025 will have no problem paying $100,000 a year in taxes to help the oldsters, so that they can eat from “nice” garbage cans. This, I believe, was what happened in Russia, when the monthly pensions that the USSR gave retired people might buy a decent meal out - a month.
Correct!
Throughout history that is how it has always been done.
They just inflate the money until they can pay the debt off for the price of a new car.
But they are not really interested in paying the debt off anyway.
Too many well connected people are making fortunes off the annual interest on the debt.
The $ has ALREADY been devalued 90%+...since the inception of the Federal Reserve.
It costs more to mint a penny and nickel than they are currently worth in raw materials...
The problem is a fiat currency and an unconstitutional Congress. Kill the entitlements (no one has the authority, let alone moral authority, to make another their economic slave...all for a vote)