If we burned Ben's long dated debt

Ron Paul’s Surprisingly Lucid Solution to the Debt Ceiling Impasse Mainly have the Fed burn its long dated bonds.

The effect is mainly on economies of scale, this is an announcement that Congress will no longer be making 30 years bets, so a part of Timmy's socialist banking network will go away. Then Congress will utilize only the short end of the curve to borrow. The remaining active part of the curve should see higher rates.

The idea is to force Congress to manage the budget short time and avoid default, or else. It is a fair trade for the middle class because if default happens anyway, then better to manage it sooner then later. Managing it sooner means less middle class debt service over the total cycle.