>>The fastest, and likely least painful way of overcoming it is simple: to default on it.<<
Nope...artificially devalue our currency. We will see our taxes go up and value of currency will fall.
Double whammy for Americans and their net worth/retirement savings.
You should have read the breakdown after that.
30% of our national debt is owed to the government. Devalue *that*.
70% is private. Of that, about 15% should be preserved. This is so we don’t shaft our own citizens.
We buy the rest back from foreign nations with renewable agricultural production.
The biggest loser is government, being shrunk and getting a lot less tax revenues, while no longer loaning itself money to misspend.