^ Thinking about it some more ...

A good strategy (assuming Americans gave a shit that they are accelerating to financial destruction) would be ...

• Abolish the Federal Reserve. Transfer the power to print money to the US Treasury, under the authority of the government, and do so at no interest. Allow the banks to set up their own interbank funding mechanism to replace the Federal Reserve.
• Re-set interest rates to 0% for a 5-year period, allowing the debt to be paid down. After the 5 years, allow the market to set the short-term rates.
• Pass a surplus budget, so that the federal government downsizes to its consitutional authority only, and slowly lower tax rates as the surplus pays down the debt. Let the States fund whatever welfare programs they want, with each State setting its own agenda.
• Within 5 years, interest rates go to market rates, and the national debt is paid down to a level that the higher rates can handle.
• At that time, pass an apportionment tax (it's in the Constitution) so that the States raise the taxes to pay off the national debt.
• Now that the national debt is scheduled to be paid off, repeal the income tax (apportionment tax and repeal of income tax done at the same time).