Our federal debt.

The debt will never be paid and everyone in DC knows it. At some point in the future, world governments will all default and start over.

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If the worst came to worst and we could only pay one, which one should it be? With the deficit being massive and the lack of any serious will to pay it, One of the two may be our only option.

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That’s called default and is not an option. It’s collapse.

We print the money.

The problem with the debt is not repayment, it's destroying the value of our currency in doing so.

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The debt will never be paid and everyone in DC knows

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The debt will always be paid by accruing more debt. It's a ponzi scheme that only works because people still have faith in the dollar for some reason.

There's no good option. If we paid all of our debt it would mean people stopped buying our Treasury bonds, which means people no longer trust the dollar.

Dissolve the FR as it’s no different than the hand in the right pocket putting it in the left hand to put in left pocket. For this privilege the “ banks “ get a constant supply of money funneled to them.

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Dissolve the FR

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Most politicians or officials who say that usually die in iceberg collisions, head shots, Arkansas suicide and/or airplane crashes.

Raise your hand with me if back in the 2010’s you thought that China owned 99.99% of the us debt.

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We can *always* repay because we control the quantity of the repayment instrument. But if people lose money on bonds, they stop buying.

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Sure, out of control printing leads to massive inflation and in worst cases default. All part of the death spiral.

If we want the Dollar to remain the world’s Reserve Currency, we’d best pay it back.

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Parsing words here. Default is not a choice nor an option any country would voluntarily choose. Definitely not a country with the world’s largest economy.

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What do you suppose is going to happen when we can no longer finance the federal debt plus the interest plus our entitlements via the bond market?

We are already struggling to do so now while we still have reserve currency status. Our biggest geopolitical rivals are meeting in Rio in a few months to begin the process to end that.

That doesn’t even touch on our obligations regarding money that’s been stolen from social security and other programs to fund other boondoggles.

To top it off we are about to pass a ten year budget plan that guarantees close to $2T/year in additional debt.

So to be clear, I’m not stating a default is a good thing. Much will change when it happens depending on who is running the show when it happens. But it is absolutely a question of when not if we default and on our current track it’ll happen before 2035 just based on simple mathematics absent historical levels of taxable GDP increases or fiscal austerity that isn’t possible politically in the United States.

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frick if I know. A catchy slogan that glosses over the realities of what would actually happen.

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It was going to be a pivot to a US backed crypto currency with a haircut to all accounts and 401ks that would grant the government total control of your spending similar to what the Chinese have.

Here’s a video outlining how they’re moving towards implementation in Canada without over mention of the debt restructuring that would accompany it:
WEF-backed central bank digital currency could leverage supreme government control

And since that is an obscure website here’s a link to an article from the actual Atlantic council outlining in their own words what they want and that 134 nations are already exploring it or in process of implementation:
Atlantic Council: CBDC