Or option 4, which is the Federal Reserve buying government debt with printed money. This raises the price of government bonds, which is the same as reducing in

Or option 4, which is the Federal Reserve buying government debt with printed money. This raises the price of government bonds, which is the same as reducing interest rates, helping make the debt service more affordable. Also, when the Federal Reserve buys these bonds, the Federal Reserve collects the interest payments on the bonds, which they then give to the Treasury, further making the budget more balanced. This also has the effect of creating inflation, potentially a lot of it, but in my opinion it's one of the more likely medium-term scenarios simply because Congress doesn't have to agree on anything in order for it to be implemented.