True. Most of the people who hold US debt can’t vote in US elections. But those to whom unfunded liabilities are owed can and will vote.
Most US debt is held in America by Americans.
Japan is hurting and won’t be buying as many USTreasuries.
The Fascist FED will have to monetize the debt even more.
And with Commie Soros out there telling us to have MORE debt, when we are already at unsustainable levels is just evil.
First of all, future entitlement program payments are not liabilities for the reasons stated elsewhere on this thread.
Second of all, while it's true that entitlement beneficiaries have the right to vote and many of our creditors do not, our creditors have something much more important: capital and the ability to cut off our access to credit.
If our government actually defaulted on Treasury securities, its only actaul liabilities, its ability to borrow would be gone. Politicians value that waaaay too much in order to ever give it up through an actual default.