I don’t think anyone can talk about any plan that has a chance of working and then get elected, or re-elected to any office. Any fix is probably too painful. Most people would prefer a slow frog boiling despite a worse outcome.
We cannot untwist the one time no cost gimmick Op Twist at what are now cyclical low rates. Refi has no benefit unless rates are negative.
One way, or another, this is going to be either painful, or catastrophic.
Perhaps the best thing is someone is calling out the country and beginning another round of discourse. Reagan had the Grace Commission investigate this same issue in the mid 80s when the debt was less than $3T. hw Shrub and Clinton ignored findings and used the SS surplus. I don’t thing ignoring is an option now.
Well that’s probably true. But I do think the Greek option is ultimately how it ends no matter what. And the question is whether it’s going to happen now when it’s only a $20 trillion default or whether we’re going to wait until it’s a $40’trillion default. I vote for now. The widows and pensioners who will be left penniless will be less numerous.