[kabar]

We can't keep creating new debt, i.e., borrowing the money. The debt servicing costs are over $300 billion now with very low interest rates. Once inflation kicks in, the debt servicing costs will balloon.

The USG will have to create new debt to redeem to the SSTF IOUs. That is the problem.

[DManA]

The alternative is to raise taxes. There would be a revolt if taxes were raised to pay for the benefits in just a few years.