Another critical point I almost missed (I was half-asleep while typing my earlier response) is the sheer challenge of actually paying down the debt at this point. While the threat of an accelerating inflationary spiral is a major concern for me, I'm not convinced that "properly" addressing it would be wise.

The U.S. and much of the world are deeply reliant on money printing, with the dollar as the global reserve currency. U.S. Treasuries don’t just form the backbone of the American financial system; they are integral to the global financial infrastructure.

Policies aimed at slowing our descent into what I believe is an inevitable hyperinflationary crisis would likely trigger seismic disruptions across financial markets. This could result in higher interest rates, collapses of major financial institutions, economic contraction, skyrocketing unemployment, and a sharp decline in tax revenues—among other negative effects.

In my view, addressing the debt problem in any substantial way would almost certainly lead to a severe depression that would ripple across the globe.

So, why do it now? The way I see it, catastrophe is on the horizon either way. Implementing meaningful fiscal responsibility only hastens the pain by "resetting" the global economy. Whether through action or inaction, tough times seem inevitable.

What if, instead, we continued to kick the can down the road? What if we kept printing money to keep the global financial system afloat, even as the debt-to-GDP ratio continues to soar? If we bought time, we could allow a parallel deflationary system to develop and grow. As more money flowed into this system, the value of its finite base unit could rise—a clear signal to the world that an alternative safe haven exists.

Perhaps, instead of rushing into a painful reset, we could buy time and build the solution. This is why, for now, I lean toward supporting continued monetary expansion.