How are they going to keep spending then? That's why they need to raise the debt limit in the first place. If they retire their old debt, they would have to iss

How are they going to keep spending then? That's why they need to raise the debt limit in the first place. If they retire their old debt, they would have to issue new debt. In both cases the end result is the same; new money in circulation, and the Fed has platinum coins instead of government bonds.