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It’s not as good as it might sound. By “canceling” US debt, it would mean that the government failed to pay back those who lent it money, of whom the majority a
by acnomics 6mo ago
It’s not as good as it might sound. By “canceling” US debt, it would mean that the government failed to pay back those who lent it money, of whom the majority are US nationals themselves.
- deleted 6mo ago[deleted]
- JumpCrisscross 6mo ago> majority are US nationals themselves Including banks and pension funds, all of which would go broke overnight if the U.S. actually defaulted.