America's Fiscal and Monetary Policy Options

Let's consider America's fiscal and monetary policy options at this point:

• Austerity in the form of government spending cuts [ruled out by most Democrats]
• Austerity in the form of tax increases [ruled out by most Republicans]
• Default in the form of debt renunciation [ruled out as unconstitutional]
• Default in the form of monetary expansion leading to inflation

Looks like the US is running out of policy options...

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