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[–]dcjogger 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

The US government might reduce the US debt by devaluing the US dollar.

If the US government devalues the currency, the government can mandate that $100 to be worth $1 and old dollar bills be traded in for the new dollar bills.

The advantage of devaluing the US dollar would be that the $23 trillion US debt could be reduced to $230 billion.

One bad side of devaluation is that your million dollar retirement account might become worth $10,000.