Fed.gov is $20 Trillion in debt, and rising fast. And that’s just direct liabilities. Add Soc. Sec, pensions, Medicare and we are talking anywhere from $60-$140 Trillion.
It will NOT be paid off. There is no humanly way to do so. Nor will any government agency, department, social-justice warrior, or crony-capitalist every agree to Uncle Sam giving them less money.
SO the process will be to:
1) increase taxes as much as possible
2) steal from workers and savers as much as possible through inflation and zero interest rates
3) Make sure the vote-buying entitlements are steadily but stealthily made worth less and less.
4) Add ever-more debt
5) fight like hell overseas to be sure the US Dollar remains the world’s reserve currency
either that or its robbing banks...