People haven’t seen ANYTHING yet... We’re in the process of de-valuing our currency. It’s our only way out of this debt hole.
What it means is, 20+ years of decling Standard of Living. How mad will they be then?
Devaluation is part of the plan to pay off the debt? Sorry, that makes the problem x times worse.
The good (or bad?) news is that they can’t solve their problem by inflating the country’s economy. The largest expenditures, like Medicare, Medicaid, Social Security are indexed — so inflation would just increase those expense amounts, making the problem (finding the cash though Treasuries) worse.