People don't seem to realize (or they just don't care) that the U.S. government debt is now more than $100,000 per person. It is not feasible for people to pay that amount in taxes, so the debt cannot be repaid. The only way to avoid default is inflation.
This is the future we face -- high taxes and inflation.
the debt however is spread generational, the debt is not a per year debt. meaning the $100k figure you gave would be like only $10k per year on a 10 year redemption or $5k on a 20 year redemption
its also a display of mis-management of funds.
many times we see local and national governments get a budget and instead of being economical they instead have a mindset that if they dont spend it they lose the budget in the next year. so they spend funds on needless things to get the budget to zero by year end.
however simple changes to budget procedures could actually change how the funds are spent more wisely to then not incur debts and instead pay off debts over a number of years