The growing national debt forces the US government to prioritize interest payments over key spending like military and social programs. This escalating debt scenario compels the government to lower interest rates or risk default, which is considered a worse outcome. To avoid this, the government resorts to printing more money, an act perceived as theft since it dilutes the value of existing currency. This process effectively socializes the losses incurred, distributing the negative impacts among the populace while enabling the government to manage its debt obligations.

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