Stefan MolyneuxVerified account

They will never be paid off. It ends with economic collapse and chaos

well default would be the best solution, but the most unlikely. The most likely is a jubilee through a hard limited, unconfiscatable, decentralized currency with a stock to flow ratio better than gold, and all the rentseekers of those unfunded liabilities get left holding the bag

Debt the people owe to themselves? Reset via liquidation

Default on all of it. It’s that, or we eliminate, one way or the other, all the governments we owe money too & all the ppl we owe money to. 1 of these 2 things is coming eventually. I see no other way.

Every public employee (in an administrative or managerial role) put to work in chain gangs breaking rocks? Not sure if that'll be enough to pay off the debts but it's poetic justice.

By being the global reserve currency

We shouldn’t “pay off” the debt because the debt is an illusion we maintain to punish/reward according to whoever’s in power at the time. And as for “unfunded liabilities” (funny way of referring to the poor and needy) we should give them food clothes and shelter as Jesus said.

Cut the fluff from every federal office. Numerous reports have shown that $80k per year, fully benefited assistants to the assistants of the assistants of Federal Officials do next to nothing. We waste 2-3 times of what is necessary.

Hmm it should just make hard and brutal cuts.

With Monopoly money.

It doesn’t.

America should file chapter 7 bankruptcy

You can't and the system set up under the Creature from Jekyll Island makes damn sure we never can pay it off.