What if the U.S. never pays debt?

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You know how the U.S is in debt and owe money to other countries, what will happen if the U.S doesn’t pay?

…high thoughts

✅ Answers

? Best Answer

  • We’ve never paid our debt. What we do is to grow the economy, and then the debt is smaller as a percentage of GDP, which is how you measure debt. Or we could have a large wave of inflation, and that makes the debt smaller too because it’s in dollars and the dollar is worth less.

    The Republicans make a big deal of the debt, but only when they’re out of power. When they get into power, they suddenly decide debt doesn’t matter! Republicans in Congress were spending all kinds of money, just freely spending deficits, until Obama was elected. Then overnight they became totally concerned about debt, and of course they blamed it on Obama. 12 trillion of our 16 trillion in debt came under just the last three Republican presidents, the same ones who promised to make the budget their top priority. OTOH the Democrats have consistently performed better on growing the economy for 1 years.

  • We default or go bankrupt. Gas prices soar because Oil is priced in dollars and we loose our reserve currency status in the world. Gold prices skyrocket and a new world order currency replaces all world currencies. Inflation goes up drastically and our purchasing power becomes nothing.

  • The Chinese,the Japanese, the OPEC member’s citizens the Britts and other will invade America legally and take over most of our beneficial corporation and assets. It has happened before. Most of people got paranoid. But it has solved itself until the burst today.

  • War

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