4 ms·

> and then congress just raises the ceiling. Sure, why worry about debt. If the debt is held internally, we'll just tell the citizens to get over it. If it's

> and then congress just raises the ceiling. Sure, why worry about debt. If the debt is held internally, we'll just tell the citizens to get over it. If it's held externally, we'll send in the killer robots (via some loser proxy country, of course) until the debt is pardoned. Why worry indeed?

bdcravens 4y ago
More likely we negotiate the terms of debt forgiveness, such as tariff reductions etc. Domestic debt could be traded in for a permanent tax credit.
- s3r3nity 4y ago
  > More likely we negotiate the terms of debt forgiveness, such as tariff reductions etc. So instead of controlling our own destiny, we have to hope for good terms from negotiations with the holders of that debt - who can apply increasingly more leverage as the amount of debt they hold increases?
  - dahfizz 3y ago
    Foreign countries hold less than a quarter of US debt. We are a long way from being in some weak negotiating position.
  - bdcravens 3y ago
    Borrower is slave to the lender.