Here’s who will pay for America’s $35T debt

4 comments

1. Do people not know how this works? We will be taxed until debt improves.

2. No one, it will just get bigger until the system collapses. That debt will never be repaid.

3. The debt will never be repaid. Or government has demonstrated itself to be extremely incompetent when it comes to managing the US’s finances so I see no possibility of balancing the budget. Worse yet as high interest rates are needed to keep inflation in check this also increases the interest burden as we are forced to refinance the debt we can’t pay off. Since we are already running a deficit we are going to have to borrow more money to pay the interest on top of everything else so debt will grow exponentially.

   At this point I only see a few options none of which are good. The US will keep issuing debt until the market refuses to buy it. Unable to borrow more money or pay its debt the US only has a few options. The US just defaults on its debt and cedes control of the economy to the IMF in exchange for a bailout. The US employs extreme austerity measure that will send the US economy into a depression and probably kill many people depend on government benefits.The US prints piles of money sending inflation skyrocketing. And/or an outright revolution where the masses seek to overthrow the government or “eat the rich” or whatever nonsense gains momentum on tiktok.

4. This debt is a national security risk, it gives other countries more incentive to move away as if the US dollar was truly blackballed, it would economically crush the country in the process.

   It is a vulnerability.