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> The US debt is $21 trillion So just reset it to zero.

• AnimalMuppet 9y ago
  That's a bit rough on anyone owed part of that $21 trillion. Who are those people? People with pensions. Some people with IRAs or 401Ks, depending on their investment mix. The kid whose grandma gave him a savings bond. And, indirectly, lots of people who are going to expect their insurance company to have the money to pay their claim...
  • seibelj 9y ago
    They wouldn't default on the debt, they would just print $21T more dollars to pay it. This would only work once.
• hanoz 9y ago
  If you can't manage without running a deficit of a trillion dollars a year, i.e. having other people do a trillion dollars worth of work for you every year on the slate, how do you think you'll manage when those people don't believe you're good for the money?
• wpietri 9y ago
  Historically, defaulting on your debts is not a good way to get people to lend you more money. And a US debt default would surely cause economic chaos of the sort that reduces economic output, meaning national income would be down.