Over 70% of U.S. debt consists of unfunded liabilities - Pensions, Medicare, Medicaid. These aren’t optional. They MUST be paid.
No (new) political party can change the math. The fiat system is
More than 97% of fiat money is debt. Debt demands interest. Interest demands printing. Fiat must expand or it collapses. The deeper down the debt cycle, the faster the printer spins. Fiat is