If our debt was only 38 trillion…it could possibly be reduced through fiscal responsibility.
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No. The debt is mathematically impossible to pay off, period. History shows us this:( all 4200 paper currencies in history went through these phases).
1) Unpayable debt- check
2) Huge inflation- in progress
3) Currency crisis
4) Default.
Note: anyone of these can occur before another. But they all end in Default.
Fact: the Fed is stuck, they must keep interest rates high to lower inflation OR lower interest rates to help the economy. Lowering interest rates will allow inflation to rise….the end game is nearing.