2 ms·

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 4y ago
    Foreign countries hold less than a quarter of US debt. We are a long way from being in some weak negotiating position.
  • bdcravens 4y ago
    Borrower is slave to the lender.