We cannot pay off that level of debt.
We cannot default on our debt.
One of these statements must be false.
Bottom scale, left to right, is the number of taxable transactions between those in the 22% income bracket (those with net income > 40k).
The government has over 50% of printed money obligated back to in in only four taxable transactions. You can see why there is a bank building one every corner. Imagine their take over billions of transactions even at a small percent take.
I think the plan all long is/was to cause periodic economic hardships which force people to part with real assets in exchange for printed dollars. We've seen this occur many times since income tax laws were enacted.
The last thing the TPTB want/need is for government to control its spending.
“We cannot pay off that level of debt. We cannot default on our debt.”
Option 3: We (our government) can create money.