1/4 Not sure America is in a debt crisis, but it’s certainly an issue. With this in mind, two interesting models of paying off debt are a) productivity boom and b) massive inflation (i.e. money printing). Not sure if either will (or can) be pursued, but Great Britain and Israel do serve as interesting examples.

A caveat that when a country’s debt-to-GDP ratios surpasses 120%, most (honest) macro analysts say, there’s no way that debt can be paid off the honest way. 

🖨️💸almost certainly the only way out, apart from actual default, which won’t happen because we would then be hunting rodents for dinner with sticks

yeah, it's like trying to pay off a credit card by just getting another one 🤦‍♂️ crazy times, man!