Americans say that the US debt doesn't matter because the debt doesn't need to be paid back, but would writing off a $22 trillion debt really have no consequences?
If debt doesn't matter, why not send every American a monthly check for $1 million?
Wouldn't Americans go hungry if they aren't repaid the money they lent the government?
Wouldn't China and Japan be angry if they didn't get their money back?
Wouldn't companies who loaned money to the government go bankrupt if US bonds became worthless?
Wouldn't laid-off workers stop paying their credit cards, mortgages, student loans, and car loans?
Wouldn't banks go bankrupt?
Do you think there would be bailouts, food stamps, and Social Security if the US government was bankrupt?
Would the US military be of much use if soldiers aren't getting paid?
Message too long. Click
to view full text.