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What will happen if the United States never pays off its debt?

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  • What will happen if the United States never pays off its debt?

    It's currently 27 trillion dollars. Chart doesn't include 19 and 20.

    What will happen if the debt never gets paid?

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  • #2
    Nothing, foreign banks love financing American interests. There will never be a time when America isn't in debt. That means America can't be financed....which...yeah right.

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    • #3
      Taxes skrocket ti aoc sanders levels inflation goes up the dollar down n china n japan are happy they own huge $ n can project socialism more here n also for china the yen would gain. Price of gold n silver goes up common sense n national debt bankruptcy fear would be through the roof u think trump came from race bate shh u aint seen nothing til fear of real suppression freedoms 2nd amendment higher taxes in general with a failing economy your asking for boston teaparty 2.0

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      • #4
        Originally posted by HitmanTommy View Post
        It's currently 27 trillion dollars. Chart doesn't include 19 and 20.

        What will happen if the debt never gets paid?

        [Content is Protected, Please Register For Free To Unlock This Content]




        your creditors will recover the debt by acquiring your natural resources, just like in any other country... why would the US be any different?

        why do you think the radical left persist with ridiculous spending practices?

        Obama should be burned at the stake for the treason that he committed

        and before you... b,b,b,b,but... read, " confessions of a political hitman "

        debt, is how countries are over-thrown... not war

        The United States of America West-China, is now in a BIG trouble with Biden steering the ship

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        • #5
          Honestly I'm not sure. As long as the Federal government has the ability to make payments on the portion of debt that comes due then the lenders will continue to buy US obligations. This can be done as long as the GDP is substantially higher than the debt. However if the national debt becomes too large (perhaps 80% of GDP) then the government will start failing to repay it's lenders. This would be catastrophic for many as the holders of US obligations include pension and other retirement funds. Local and state governments also own a lot of the national debt and if they were not repaid a lot of essential services provided to citizens would cease. Foreign governments and banks (including the FRB) would be highly pissed as well. At this point the Federal government would have to take some draconian measures in order to survive as it's entire Ponzi scheme came crumbling down.

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          • #6
            Chinese men get their pick of white womenz.

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            • #7
              devalue the dollar to the point where paying that debt is less of a problem.

              I don't actually know how it works but that seems logical to me.

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              • #8
                Total financial meltdown. Run on banks, stock market crashes, hyper inflation, currency devalues.

                Silver lining - the value of bitcoin would skyrocket

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                • #9
                  Who cares as long as you wear your mask in your house inside your bubble.



                  ****ing Trumptard.

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                  • #10
                    Originally posted by aboutfkntime View Post
                    your creditors will recover the debt by acquiring your natural resources, just like in any other country... why would the US be any different?

                    why do you think the radical left persist with ridiculous spending practices?

                    Obama should be burned at the stake for the treason that he committed

                    and before you... b,b,b,b,but... read, " confessions of a political hitman "

                    debt, is how countries are over-thrown... not war

                    The United States of America West-China, is now in a BIG trouble with Biden steering the ship
                    As usual, youíre completely wrong

                    Republicans are hopeless economic managers and itís left to Democrats to fix the mess every single time

                    Reagan, Bush Sr, Bush Jr & now Trump - fkn useless

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