There is only one engine capable of overcoming such a debt; it is the US economy.
Of course it is hopeless to pay off such a debt quickly.
But even a meager step in the direction of debt reduction would be a tremendously strong signal to the markets. It would power the next great expansion of our economy.
And there is SO MUCH fat and theft in the US Government budgets that there would soon be progress in the direction of solvency.
Remember that most of the war of the left on us normals is psyops.
They have been programming the nation to think of the debt as 'abstraction', 'impossible to ever pay off', 'an antiquated idea in the era of Keynes,' but that is ALL psyops.
To get the majority of the economics and government studies professoriat to believe and teach this Marxist concept is one of the greatest victories of the 1900- Progressive movement.
“To get the majority of the economics and government studies professoriat to believe and teach this Marxist concept is one of the greatest victories of the 1900- Progressive movement. ”
This is where it all started. Woodrow Wilson was probably the worst President in U.S. history. He started into motion the policies that haunt us today.
Even the year Bill Clinton is credited with having a budget surplus, the debt increased by $18 Billion. And we have not seen an increase that small since then.
In order for the economy to start producing a paydown of the debt, the politicians would have to not spend any increase in federal government receipts. And since the dems have gotten into the habit of passing large spending bills that authorize spending in future fiscal years, those future years are already starting in the hole.
No, sorry; we can't grow our way out of the debt. Unless grownups are in charge of spending, and are willing and able to slow down the spending increases.