The treasury could call back the gold certificates held by the Fed at $42 an ounce and re-price them at $4,000 $12,000 or even $40,000 an ounce. Poof! The national debt would be severely reduced or even eliminated.
The greater problem is the inequity in society between rich and poor. This has been very highly exacerbated by the quantitative easing at the fed. Get the fed out of the markets let businesses fail again and let the market go down again.
Let people freely trade gold and silver as the real money it always has been without any restrictions such as capital gains taxation. Allowing such honest money again would keep distorted fed policies in check.
Lastly it’s the private debt that’s more destructive to economic growth than government debt. Republicans like to talk how biblical they are well how about a nice biblical debt jubilee for the masses! Pop $20,000 in everybody’s account with the restriction that it can only be used to pay down debt before it could be used for any other purpose. To keep such jubilee money from adding to the current asset bubble require that those not in debt who can easily invest that $20,000 into the economy if sent to a company require that the company use it to first pay down company debt.
There, Ms Haley, all your concerns have been resolved but unfortunately in a way that won’t make the rich richer and so therefore won’t be supported by your hypocritical party.