Monetizing the Debt is a Recipe for Fiscal Armageddon
Balancing the Budget is the Only Solution
The House just rubber-stamped Trump’s tax and spending plan, slapping $2.4–$3.3 trillion onto our $36.2 trillion debt, per the CBO [The Washington Post, May 21, 2025].
Some recommend letting spending spiral out of control, betting inflation will make it easier to pay off old debt by shrinking its real value. Pure nonsense.
Beyond the $36.2 trillion, Social Security and Medicare’s unfunded liabilities—$60–$100 trillion, says the CBO—lurk off the books. We’ve promised retirees and patients these benefits, but the more inflation we have, the more those benefits will cost, ballooning those liabilities. Inflation guts their value, hammering the vulnerable. This isn’t a fix; it’s government sleaze, dodging accountability while screwing savers.
Social Security isn’t your nest egg—it’s a payroll tax. The Supreme Court (Flemming v. Nestor, 1960) says the government owes you zilch. Medicare’s the same: pay-as-you-go, not a trust fund. Thinking inflation will erase debt? Laughable. It spikes benefits via COLA adjustments, inflating costs and wiping out any debt relief. Weimar Germany and Venezuela prove hyperinflation obliterates economies. The House’s $1 trillion in cuts, is a Band-Aid on a broken leg. Some of us see through it: bloated government shirking responsibility, buying votes with unaffordable promises.
Cut spending. Reduce entitlements to an affordable level—what they’d be if voters hadn’t let reckless legislators bribe them with unsustainable handouts. Balance the budget. That’s the only way out. The House’s debt binge shows the state’s hooked on borrowing. Inflation just inflates the problem and the pain, sticking citizens with the bill. As a longstanding tax professional, I say: stop promising what you can’t deliver. Liberty demands fiscal sanity, not inflated dollars or broken promises.