Peter Sweat on Nostr: We can either: (A) Continue to allow an increasing share of our tax revenues to go ...

We can either:

(A) Continue to allow an increasing share of our tax revenues to go toward paying interest on the federal debt, or

(B) Simply default on the debt, wiping it off our books and starting fresh!

(Side effects of default may include: Banking crisis, federal government credit rating collapse, higher interest rates and borrowing costs, end of dollar as dominant currency, capital flight, stock and bond market crashes, economic depression and global contagion, hyperinflation, spending cuts to social security and defense and other essential programs resulting from inability to borrow, social and political unrest, trade wars and retaliatory measures, geopolitical shifts and war, and reduced investment in the US economy as a result of lower confidence.)