The US doesn't need to cancel any debts that are denominated in dollars--which means all of the debt that is causing all the ruckus. The US can print dollars. T

The US doesn't need to cancel any debts that are denominated in dollars--which means all of the debt that is causing all the ruckus. The US can print dollars. That amounts to devaluing the debt, i.e., it favors debtors at the expense of creditors. Historically, that is exactly how the US has dealt with its debt once it went off the gold standard and dollars were purely fiat money.