| BFR said: What about student loan debt relief for existing loans? I thought you guys were all for that one, that's something like $700b +. The US national debt is already $35t, how much is enough for you guys? You want to push it to $50t with ease. Keep it up and the USA will go bankrupt one day, and when it does, I will be moving to a long held (and currently unoccupied) family property in New Brunswick, Canada. That is my escape plan, what is yours when the USA goes under and we see Civil War #2 unfold? |
A nation is not a household, it doesn't go bankrupt simply by raking in too much debt lol. Besides, the US national debt is comparable to that of other developed countries and well below Japan's.
Worst-case scenario, say, multiple countries pushing above 200% debt-to-GDP ratios) we would see a global push for national debt write-off at a large scale followed by a decade or two of lower public investments and high interest rates.
No one is going bankrupt, let alone into civil war. As if a 60% obese nation with a >40 median age even could... that's just nonsense talk. Also, it's cute imagining Canada would be economically and politically immune if the US ever got to that absurd level of upheaval.
