In a big enough depression, even "the one percent" might not produce enough to cover that sort of expense. Where else where you go? This has a global reach, s

In a big enough depression, even "the one percent" might not produce enough to cover that sort of expense. Where else where you go? This has a global reach, so you can't really borrow from the next country over. Can't really sell bonds to Americans, because that reduces liquidity further. Inflate and you'll kill what savings Americans have left and risk stagflation. So, how do you pay for it? Forget taxing certain people more or less, past a certain point, the money simply doesn't exist; there's no bottomless pit of money on which the gov't can draw in a second great depression.