A forced default is a good idea

Think about it. The Fed has excess gains. The currency banker is never expected to keep bit error at zero always.  So, a 50 billion default puts the Fed bit error negative.  It can make it up in the near term, depending on its published error bounds. It is an accounting reality, the necessity of accounting for currency risk and pricing over local perturbations. It has one big advantage, it dumps time, it gets the Fed into the sandbox, early.

Some of the default is fair, it should have happened years ago. A much of the rest is simply marking to market recorded inflation losses, the accumulated losses from our COLA government..