Hate to break this to you but someone will end up doing that
Posted on: June 18, 2020 at 12:56:37 CT
RHAYWORTH MU
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We can't pay off the debt we owe now. Only reason world loans us more, is we still pay interest, we got nukes, and if we go down, the entire world economy does too.
It's not a question that the us will default on debt, it's a question of when.
When that day happens, no more borrowing money, mandatory balanced budget. No one's going to want to pay 30% increase in taxes, so the govt will be slashed.
It will turn ugly quick.