On the subject of the debt:
1) You can’t pay it back.
2) You can’t not pay it back (You can’t default).
One of these statements is untrue.
Yes, you can inflate the currency so much that paying $33T can be done with pocket change.
Or, you can screw the Central Bankers and jump out their rigged global economy and just start over.
We do have choices — but we are going to have to do one of the things that “you can’t do”.
We will default - but so creatively many will not realize we have defaulted.
Well, as A1S10 has NEVER been Amended & Congress cannot (legally) bequeath its authority (Weights & Measures+) to any other entity, esp. a private one such as the Fed...
Lastly, as much of the ‘debt’ is govt’s left-hand pocket ‘owing’ the right-hand pocket, much can be simply negated.
But, BOY would that cause a puckering of starfish even here on FR as many raspily croak, “But, but, I *paid* into (nothing @ all in reality)...”
The Uniparty, & bases of the faux dichotomy, LOVE ‘em their Socialism+
Precisely
This is why we need "guardrails" on Our Democracy™ - because if voting carries the day, there are not enough bunkers in New Zealand to save the money boys.
There is also the option that both statements are true - which is where we are, now. You don’t pay it back and you don’t default, you keep borrowing.
Truth be told, you can “dig your way out”. Cut spending, maximize growth and begin paying down the debt.
Most people, however, are Grasshoppers and not Ants.