"The US won't climb out of its $32 trillion debt, David Rubenstein said. Instead, its best bet is to lean on inflation.
"We aren't going to cut expenses in the government. We aren't going to increase taxes that much. We aren't going to go to a bailout with the IMF, that's not realistic. And we're not going to default," the Carlyle Group's co-founder told Bloomberg TV. "The only alternative is to inflate your way out."
But he noted that when inflation increases, lower-income people are often much more disadvantaged than wealthier consumers."
https://www.businessinsider.com/david-rubenstein-us-debt-solution-taxes-spending-inflation-income-inequality-2023-7?op=1
"Unless there is an increase in economic activity commensurate with the amount of money that is created, printing money to pay off the debt would make inflation worse. This would be, as the saying goes, "too much money chasing too few goods.""
https://www.aarp.org/politics-society/government-elections/national-debt-guide/faqs/why-cant-government-print-more-money.html
“It will basically buy less at the supermarket than it used to.”
https://www.cnbc.com/2022/04/20/inflation-is-taking-a-big-bite-from-retirees-pension-income.html
Robert Kiyosaki Says US Is Bankrupt With $250 Trillion Debt, Asks People To Invest In BTC
https://www.ibtimes.com/robert-kiyosaki-says-us-bankrupt-250-trillion-debt-asks-people-invest-btc-3695844