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> The US will become insolvent by trying to prop up Japan. No, it won’t. The worst case we are looking at is paying more interest on debt. It’s not great but w
by ericmay 2mo ago
> The US will become insolvent by trying to prop up Japan.
No, it won’t. The worst case we are looking at is paying more interest on debt. It’s not great but we aren’t in danger of becoming insolvent because of Japan.
- IsTom 2mo agoIt's already ~20% of US government revenue. Every percentage point more of yield on bonds is going to be tough.
- root-parent 2mo agoNo, its 39%....
- thephyber 2mo agoThere's a non-zero chance that actually following through on Bessent's statements about support for the largest sovereign buyer of US bonds would push us towards insolvency. You are just stating an opinion that we would stop short of it becoming such a large support program that it would push the US past the tipping point towards inevitable insolvency.
- ericmay 2mo agoThen they would just take a different action than go into insolvency. This doesn't make any sense at all. > You are just stating an opinion that... You don't say?