US sovereign debt does not matter at all.
Household debt is unsustainable. Wipe it out with a pen.
> Household debt is unsustainable. Wipe it out with a pen. <
I’m confused (not an unusual state with me). Someone holds that debt. Don’t they deserve some consideration?
Someone lent me money to buy a car and a house. And via a credit card, someone lent me money to buy groceries last week. What happens to that someone if you just write that all debt off? Do the Feds step in and make them whole?
If so, the national debt would just explode. If not, the Rule of Law means nothing.