Your theory falls apart right there. Neither party wants to end the deficit.
...and dropped the dollar to pay a bunch of debt back.
We're not talking about refinancing your mortgage. U.S. debt is traded on financial markets. Devalue the dollar and the market price of the securities goes up and the cost of buying back the debt goes up.
“We’re not talking about refinancing your mortgage. U.S. debt is traded on financial markets. Devalue the dollar and the market price of the securities goes up and the cost of buying back the debt goes up.”
You must understand something I don’t. Please explain how that works.
I know neither party wants to fix the finances. My question is more academic than anything. If angels came down and ran the government as it should be run and they did what I suggested, could it work over the long term.
I’m not seriously suggesting it, because of what exactly you suggest.