I think Paul Krugman will get here eventually, so I'll beat him to the punch. If the national debt is money that the government owes to American citizens, then there is a very simple way to deal with our national debt. Just write it off. Cancel it. Erase it. To compensate the people who were holding that debt, just tell them that they don't have to pay taxes any more.
Two huge problems solved in one fell swoop; the debt problem, and the tax problem. I think I am just freaking brilliant.
I would go with that plan
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