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Thread: At what point does debt become unsustainable?
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Old 07-05-2024, 03:32 AM
jimbomaybe jimbomaybe is offline
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Quote:
Originally Posted by dewilson58 View Post
No need to pay it back.

30% of US debt is held overseas............if it's not paid back......the countries will survive. They are holding the debt..........it's really not "in the system".

Another ~30% is held by "US government". SSA, Federal Reserve, Retirement Agencies. Just "print money" when & if the funds are needed if the agency can not redefine.

The last ~40% is held by US individuals and institutions. As individuals die, right off the debt.....no passing to next generation. For institutions, write off 10% per year.

Flush the toilet.
Aside from the fact that that is illegal it would throw the credit markets into chaos, the credit rating would be such that interest rates for government backed securities explode upward if in fact anyone would buy them