If the Fed were to issue new Bonds at varying maturities, call them P Bonds for people, and use these new bonds to pay down the the outstanding US debt to a functional level, and then credit these P Bonds to all US citizens, it might solve the debt crisis. The American people would own the debt which they already do but would now own the asset and receive the interest.
This strategy would return wealth to the middle and lower class from which it was stolen by bad management and return the assets to where it will grow the economy and the velocity of the GDP.
The Devil promises a utopia of worry-free egalitarianism beckoning you to an Orwellian hell of despondency. Its a matter of giving or taking. Work for your family and community supporting the common good, or take from the wealth of those who produce and promise benefits to those who do not and those destroyed by the theft of their own creation.
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