The national debt can be dealt with by income and value-added taxes payable by corporations and other joint enterprises. The Congress would set the rates and the IRS would collect it.
and retail prices of everything would skyrocket ...
The national debt was created by the replacement government, not us. The private, incorporated government that created that debt while claiming to be acting on our behalf and calling itself our public servants owe that debt back to us. What is suppose to happen when a corporation can’t pay it’s debt? It’s suppose to be dissolved and it’s assets disbursed. What usually happens, many times in fact has happened in this country is the fraudulent company claims bankruptcy and reincorporates under a new alias, rebranding under a different name something like THE AMERICAN STATES OF AMERICA in all capital letters. This stops when nation states and sovereign Americans begin presenting and governing themselves.