The third way out is Default by REVOLUTION/CWII. What do you think will happen when the 51% that eats taxes will do when the food stamps, section 8 vouchers, medicaid, medicare, social security,and all the rest of the DC pork runs out? Also think about the 15% that covers all this decides to go "Galt" by stopping participation in the "legal" economy, home schooling their kids, moving their money overseas/out of dollars, or just moving themselves overseas/to Montana and Texas....
The eaters of course will revolt and throw tantrums like they did in Wisconsin, while the producers will stop producing! You will see a time where states will get serious about immigration and I do not mean illegals, I mean refugees from bankrupt states fleeing the coming collapse...This will mean first revolution then civil war or course this is what the libtards always wanted so they can finally kill what is left of the American spirit to implement their socialist utopia. That event will mark the Great Uprising of the God, Gold and guts crowd that will no longer vote with ballots but with 7.62 and 5.56 metal reserve..
I agree with you. (Either way will reach the same conclusion though)
I'm preparing now.