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90% of GDP. So, is it possible to get out of this debt at these ratios? Cutting wages and sending jobs overseas will help us pay off this debt? U.S. Treasury securities getting downgraded? Bailout bonanzas? Dissolving our auto industry and using taxpayer money to ship it to other countries? Open borders driving wages down? Opening another front in the Middle East? Maybe two? And pay off a debt that's 90% of GDP?
Impossible.
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UNLESS
1. You have a monetary system supported by wealth (same principle as gold, except with our proposal, there is actually enough to get the job done!).
2. You put the people back to work building things that we need and are gentle on the planet.
3. You do NOT loan the money from this new monetary system into circulation, but instead spend it in for the completion of the infrastructure rebuild.
THEN, you COULD pay it off.
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