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China has taken on the risk of us paying the $1tn. If they were to get incredibly aggressive, for example starting a war, then we could clear the debt. We just
by tyre 6y ago
China has taken on the risk of us paying the $1tn. If they were to get incredibly aggressive, for example starting a war, then we could clear the debt. We just don't pay.
$1tn is a lot of money to any country, even one as large as China.
Defaulting on our debt would be a huge fucking deal for us as well, but if the stakes were high enough others would understand that we couldn't pay someone money while at war.
- hertzrat 6y agoBoth nations are nuclear armed. Creating a nuclear winter over a debt is a sketchy plan
- mywittyname 6y agoEspecially such in small amount. It sounds like a lot of money, but the US War in Iraq tallied over a trillion, with Afghanistan matching that amount. The CARES Act is estimated to have cost $2 trillion. Countries are not going to go to war over such a petty amount of money. The costs of such a war would be 100x that amount, easily.
- hertzrat 6y agoThe cost of two first world nuclear armed nations going to war can't really be measured in dollars. Even if nukes didn't come into play, I'm listening to Dan Carlin's Hardcore History episodes on the War in the Pacific right now. The death tolls and misery is just staggering, and he hasn't even gotten to the firebombing where I'm at yet.