>>513808306
>>513808396
There isn't one.
also the main problem (yes, debt's a huge problem on its own) is Interest Payments which now outstrip discretionary spending.
What the OP doesn't comprehend or understand is the incoming administration does have a plan, if an ambitious and extremely long shot one.
If ? the U.S. can get its annual GDP increase to the 4 or 5 percent range in the next 18 months, out of its current anemic ~2% then there might ?? be a chance that Congress can continue its $2T/annum spending sprees and the United States can keep just enough ahead of the Interest Payment tsunami engulfing our entire budget to grow our way out of the debt.
If not, then the global bond (aka debt) market collapses which it's already on the brink of rn
Confidence and stability in the global bond market, in which U.S. treasuries aka the USD denomination is the virtual entirety and foundation of, must be maintained. Because the global economic system is backed by absolutely nothing other than debt.
Global debt market has been more volatile and unstable in the past few years than in half a century and, half a century ago there was not (nor has there ever been in global human history) the degree of dependence on a single default world reserve currency denomination.