There is nothing left (edit: discretionary) to cut, and there is no material fraud. Taxes must go up. Only the top 40% of Americans have any income or wealth to tax (bottom 60% of Americans have no federal tax liability). Or, as you mention, we monetize the debt, print dollars, and burn up the currency value.
https://usafacts.org/government-spending/
https://usafacts.org/answers/how-much-debt-does-the-us-have/...