It’s politically impossible, and would cause severe economic hardship, to make the needed cutbacks to pay down the national debt.
yep
It’s actually worse than that. Under our current Fiat Currency system, All Monies are Loaned into Society with Interest attached. Only the Principle is created by the magic money machine, NOT the Interest. In other words, if you wrote a check today to Pay off the National Debt, it would consume every last Federal Reserve Note and Credit, but the Interest would still be Due and Payable to the Bankers. Interest can only be paid through the blood and sweat of Labor.
I know, Math is Hard.