>>9867512>yeah....I don't know what happens when the USA slowly gets turned to niggers and spics and they just say "whoops, we're a shitskin country now, so uh....you're not getting your money"the debt problem is a bigger one than that: when it crops up, it's when the global trust in the US disappears and then the benefits gained from US hegemony (like protection of trade routes) disappears. everyone still here will also be in for a lot of trouble
basically the debt is owned in most part by citizens and some foreigners. deciding "nah we just aren't going to pay that back" means
>wealthholders, knowing the US will now rob them blind at any time, leave>foreign countries stop lending or trusting the US for the same reason, fear of getting robbed to the point that cutting us off would be more economically feasiblethey might even cut us off from allied benefits or w/e, since we've been shown to be insolvent
then the only way the US government makes money is
>taxing the hell out of everyone>printing money to the point of weimar-tier inflationand basically we go to complete shit right then
one of the problems with this recovery bill passed (there's many) is it's 2 trillion, which is quite a hefty amount of money to spend at once and increase our debt. every time we do it that scenario outlined gets closer. and the CDC was saying total recovery might be 10 trillion extra expenditure, which is nuts: that'd increase our debt by a third to a half right there
as soon as the US can't make its interest payments, it gets downgraded to hell and that distrust scenario begins as no one will lend what cannot be paid back. as of this year, before these recoveries, interest is 10% of the total federal budget. there's varying estimates when that debt problem will occur, but threats to default have already been made by lawmakers. the country's on a ticking time bomb that people don't understand the consequences of when it goes off, and i certainly don't want that in a decade
