I said when they are ALL due. That’s is when the full weight of it hits.
Sorry, no dice on saying borrowing is not a tax. Borrowing is repaid via taxes or a slow write off via inflation or a debasing of the currency. Doesn’t matter it’s all taxes which is the government taking wealth.
But you have described a Ponzi scheme.
They don't all become due at the same time. They will gradually be redeemed over the next 19 years or so.
But you have described a Ponzi scheme.
Oh, it's definitely that. But, not for the reason you claim.