MTZehvor said:
The biggest portion of it is foreign governments and investors. The governments part is easy, though investors could be more difficult. Worst case scenario, we can probably just pull a Mexico and get the government to swap itself in as our debt holder. Domestic individuals and institutions should theoretically be the easiest; just buy back treasury bonds and get in touch with the individuals who hold the debt (assuming we somehow have the money). Finally, for federal accounts, we'd need to either slash our budget on current items or somehow dedicate more to cover future purchases without actually spending our own money. Sounds super confusing, but considering we've got a government that literally owes money to itself, that's not surprising. |
so if we break it down to the core and view this picture on a global scale why should you be forced to pay it back when you, me and probably 90% of the people here on vgchartz own a part of the debt all countries hold together?
