The reason our wonderful elected leaders keep jacking up our National Debt to seemingly impossible heights, that could never be paid off, is because they first cause massive inflation of our currency, so that the dollar is worth less.
Here’s how it works. It’s simple. Say that the Debt is One Trillion Dollars that our government owes. Okay, they then DEVALUE the dollar with inflation. Now a 50 cent candy bar costs a dollar. It takes two dollars to buy what one dollar did, just a little while ago. So the actual amount of Debt is now half a trillion in old, more valuable dollars and they can now pay it off with the new, less valuable dollars, which they’ll have plenty of because now that prices have doubled, so have tariffs and taxes and that means government income has doubled. It still just has the same buying power as before, but there’s twice as many dollars to pay the debt off with.
So instead of doing that, paying the Debt off, our amazingly wise leaders say “Look, our Debt is now only half of what it was, in real terms of what dollars are actually worth now, so now we can borrow a whole lot more and still have the same level of debt. So they do exactly that. Aren’t they smart? I mean, what the hell, they don’t actually have responsibility to pay that Debt, we do, only it never gets paid, it just keeps growing bigger and bigger, so maybe our grandchildren or their grandchildren will someday be held accountable for it. But the politicians never will. Instead they keep voting themselves bigger and bigger raises and lots more benefits as rewards for being so smart.