[ProtectOurFreedom]

“The only alternative is to inflate your way out.”

That is absurd and doesn’t work. In a high inflationary environment, everything the government purchases soars in price. All recipients of social security and transfer payments demand COLA adjustments. So government expenditures soar and you keep chasing your tail. Sure your current debt obligations get paid with devalued dollars, but that doesn’t cover current expenditures.

[Right_Wing_Madman]

That is absurd and doesn’t work.

Sure it does. High inflation lowers the debt relative to total money supply. High inflation, followed by super inflation, is the same thing as a default, it just happens over a longer period of time instead of all at once.

[Freedom4US]

Inflation is always and ever a monetary phenomenon, but it is also a political one.

Once money or currency becomes untethered to any kind of standard or objective unit of account it is simply a matter of time. Monetary Inflation is a default, but it is spread out over time, and favors certain classes, namely the first people who get their hands on it to spend it.

[RFEngineer]

“That is absurd and doesn’t work.”

You are right, it is absurd. You are also wrong. It will work because it will destroy the money (that we dont have) that would have paid for the future “unfunded liabilities”

Social Security, medicare, medicaid - effectively gone along with every other subsidy, grant, program.

The social upheaval will be epic.

It was always going to end this way.