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Thread: At what point does debt become unsustainable?
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Old 07-05-2024, 07:55 AM
Mazjaz Mazjaz is offline
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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.
Sure can do but nobody will buy any new debt ever and our credit rating will be in the toilet and interest rates will climb higher for is being a deadbeat borrower.