Print enough money and pay off the debt. Simple and discreet. Of course the dollar might end up worthless.... better start buying gold....
“...better start buying gold...”
With what? The dollar is based upon the gold standard so if you buy it at a loss in the trade back, you add to the debt to cover the losses. And every dollar that is printed and not retired for, cuts that dollar in half and always forces inflation. It’s the people spending it, not the dollar tht is in trouble.
Don’t try to pay it off, work it off while new draws upon the dollar are not put in place. DOGE was the first in line to identify and recommend the correcting of the overspending and wasting of the dollar we currently use at a deflated level. The problem with the dollar right now before action is being taken is it is expected to do more than it can and the overspending of our government by borrowing from one fund to cover the minimums of another. Get spending into moderation. Our government was never designed by the founders to be a catch all for every little need. It was there for the select things assigned like wars and diplomacy with foreign countries. There only entries into domestic issues were:
The Supreme Court didn’t formally established the modern, broad interpretation of the Spending Clause allowing for national social welfare legislation until 1936 and 1937. Seems we were able to successfully operate for almost 150 years without congress playing with social programs that are costing the taxpayer trillions every year. Taek away wasted programs, and you take away spending. Cutting spending gives the dollar more bang for it’s buck.
wy69
Print enough money and pay off the debt. Simple and discreet. Of course the dollar might end up worthless.... better start buying gold....
None will escape, but some harbors will be safer.
Or accumulating debt
Might become real easy to pay off a 100k loan at 10k an hour minimum wage
Eating and paying it however….