This seems long overdue. The US owes ~$260,000 per taxpayer and is still regularly running trillion-dollar deficits. Our elites care more about retaining power than about solving this problem, as evidenced by the fact that we have a spendy party who refuses to raise taxes on the middle class and a (self-described) thrifty party who refuses to make meaningful cuts to spending.
There is zero chance that this debt gets paid off without massive inflation. Zero.
There is zero chance that this debt gets paid off without massive inflation. Zero.