The funny thing is that if the US actually reduced its debt by that much it would be a big problem for financial markets because investors like to hold US secur

The funny thing is that if the US actually reduced its debt by that much it would be a big problem for financial markets because investors like to hold US securities. The interest rate would go down because supply would be less then demand. The US has too much debt but cutting the debt drastically would have knock on effects on our financial system. Maybe create an asset bubble? I don't know.