What's it gonna be?........from Rico

I think it will be a combination of things, not just one thing. A "mix" of things lies ahead.
- Default on promises to pay back debt, to pay social entitlements. We cannot pay for everything we have 'promised' to pay for, and will default on some of them.
- Raise taxes. Even if we taxed everyone and everything at 100% it would not be enough to cover the bill that's coming due. Be assured of one thing, however. Your taxes are gonna go up, and keep going up.
- Sell-off assets. Remember the failed Dubai Port deal? Selling land, ports, resources, toll roads, etc to foreign entities and corporations will have to happen to raise cash.
- Inflate away the debt. Yeah, we'll keep the nominal Dollar, but devalue it to fractions in order to pay back all of our debt with Monopoly money.
- Innovation. Whatever it is, nanotechnology, whatever, we are a very creative and inventive species. We will innovate, which is good news. It will NOT be enough to pull our chestnuts out of this debt fire, which is the bad news.