this post was submitted on 07 Jun 2024
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Are you immortal? Do you have an income vastly higher than the servicing cost of that debt? Do you owe the large a majority of that debt to yourself? Are you able to, if push came to shove, tell your external creditors to go fuck themselves and dare them to so much as try to collect on the debt you don't feel like paying? If you can't answer "yes" to all these questions, you aren't the US and have a debt situation that has absolutely nothing in common with the US debt.
US debt is currently higher than their GDP. Even if they could leverage the entire country into only paying debt (they can't), it would take over a year to pay off. At the current average interest rate of ~3%, that's enough to pay for the entirety of NASA's budget five times over.
The last time US debt was greater than their GDP was the second world war.
The government is 100k in debt on my behalf