/biz/ - Business & Finance

What happens when a country is so much in debt it can never pay back the debt it had accumulated, and on top of that, it keeps borrowing more and more?

Only North Korea and the Soviet Union come to mind as examples, where this led to economic collapse.

Is such a massive debt crisis likely in the US?

The US military adventurism seems to be leading to its collapse, as the economy is way too weak in real terms to keep up such a big empire. The US hardly manufactures anything at all, and in any total war scenario it will immediately lose to China, as China has a far greater industrial capacity.