just in case anyone forgot the initial post. there are alternatives such as just paying the debt all off with one massive print not tied to debt. just print... and then cap the budget with no more debt issuance or even balance the budget. either way no more borrowing. that way you do not steal your citizens assets. its a a far better solution.
LOL. "Just print" steals the money from the savers. At this point in the US, only suckers and fools work for a living.
I can't imagine in my wildest dreams congress agreeing to any financial plan that eliminates federal borrowing. They're addicted to it.
Not congress critters - voters. Voters are addicted to a shitload of borrowing money from future generations to spend now. Could you just imagine a political party of Common Sense standing up and saying: "We're gonna solve this debt problem and bring on the next great depression so we can work through it instead of our grandkids." LMAO! Once the election rigging was complete, they'd end up with negative votes!
America also has perpetual federal Wanton waste spending, perpetual unnecessary taxes and those "new generations". Mostly low information ignorant lazy welfare queen parasite mofo's who sell their votes for "free" stuff.
You better thank your lucky starts that we DO borrow.... borrowing at least delays the inevitable bankruptcy. If borrowing were replaced with "just print", the value of the $Dollar would soon become the $Penny. We'd have monster inflation, the $USD would not be the reserve currency, and nearly all US citizens + anyone else whose assets were denominated in $USD would be soon be BANKRUPT! We need to end borrowing, alright... but BY NOT SPENDING MORE THAN THE TAX REVENUE.
i was giving alternatives to the IMF solution. But, frankly I do not give a shit about being a reserve currency. Allowing the Fed to lend out so much slush we could hide 700 percent inflation over 50 years is not exactly a bonus. note... isn't your argument a bit contradictory. As the world currency... one big print would be absorbed by all the dollars electronic and real all over the world. one big print with a mandatory balanced budget or even a capped budget and no more borrowing could cause the dollar to appreciate as the bottom would be put in.