The whole thing is beyond ridiculous personally I think we passed the point of no return on this long ago.One thing we could do is limit the national debts to GDP ratio to something like 50%.
We had a 30% to 40% ratio for a very long time, but now we are over 120% of debt to GDP ratio, and that is ridiculous.
US National Debt by Year
The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.www.thebalancemoney.com