/biz/ - Business & Finance

[Anonymous No.56300637]

Why doesn’t the USA forgive its own debt?

[Anonymous No.56300659]

>>56300637
I can nazi any reason why

[Anonymous No.56302124]

It would be antisemitic.

[Anonymous No.56302153]

Where do you think social security stores it's funds? US bonds and only US bonds. If USA rugged it's debt they'd rug social security and you know politicians can't let that happen.

[Anonymous No.56302225]

>>56302153
>Where do you think social security stores it's funds?
Are you retarded? The US government has spent that money already. SS will run at a $2.8 trillion deficit over the next decade.

[Anonymous No.56302259]

>>56300637
it doesn't hold its debt

[Anonymous No.56302283]

>>56302225
Yes, they spent the money. On bonds.

[Anonymous No.56302292]

>>56302259
At some point, defaulting on the debt will become less burdensome than paying the interest. It will likely happen a few decades out.

[Anonymous No.56302300]

>>56300637
USA will “forgive” its debt by printing money to pay it.

[Anonymous No.56302307]

>>56302283
No. It's a deficit of cash and cash equivalents (read: government bonds).

[Anonymous No.56302322]

>>56300637
Its an international market. Foreign investors own about 1/3. US citizens own about 1/3. I guess the Fed could forgive the 1/3 they own, but I wouldn't hold my breath, especially while they're "fighting inflation." Maybe if the CPI goes back under 2%. Still wouldn't bet on it.

[Anonymous No.56302995]

>>56300637
Reported for anti-semitism

[Anonymous No.56303187]

Thast not how debt to jews work, anon.

[Anonymous No.56304320]

>>56300637
Because it owes it to other countries who will mess with us

[Anonymous No.56304388]

>>56302292
Nigga HOW
the debt is in dollars, a currency that the US simultaneously owns an infinite supply of and will never tell anyone how many in the world there are.