There’s lots of ways to decrease debt.. my guess is Trump will use them all. Trump knows the national debt at current levels is a ticking timebomb.
Here’s what would happen:
The interest rate at which investors would be will ing to buy our bonds would go up. Perhaps 4 to 5% or more.
Alternatively, the cost of the bond would be discounted to reward risk taking behavior.
Example:
East St. Louis offered a 30 year bond at 45 with 7% interest.
So for every 450 bucks you sent them they would give you a 30 year 1,000 buck bond. You were paid 7% on the 1,000 face value.
I doubt that they were ever paid off. This was in the 70s.