1) We are in debt by design Pat. We cant 'reduce' our debt without reducing our money supply. They are the two sides of the same coin, one cannot exist without the other under our current system. The monetary system is what needs changing imo.The US and most other democracies are so in debt that there are really only two options.
!. Try and reduce debt by cutting costs.
2. Do nothing until everything falls apart and armed gangs roam at will.
2) Yep, but is just one of countless scenarios imo.