‘It has been a splendid little war, begun with the highest motives, carried on with magnificent intelligence and spirit, favored by that Fortune which loves the brave.’ US Secretary of State John Hay, defining the Spanish-American War of 1898, in a letter to Theodore Roosevelt, July 27 of that year, the war ushering in America’s Imperial era and unequivocally heralding its hegemonic ambitions.
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.
Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year.