That's not true of the good ones I know. My 'current' boss is highly successful. He recently started an LLC that he ultimately dissolved. He paid all the debts, any way, and hired the employees in his other businesses. I call that 'good'. If Trump really has the $10 billion he claims, he could do the same.
The US government can't default on it's debts. That would crater US and the world economy for decades. Regardless of anyone's pipe dreams, our $20 trillion debt will not be paid off in 8 years. It's a millstone around our grandchildren's neck for their entire lives. You start fixing it by eliminating deficit spending first. Then you think about ways to pay it off.
“The US government can’t default on it’s debts. That would crater US and the world economy for decades. Regardless of anyone’s pipe dreams, our $20 trillion debt will not be paid off in 8 years. It’s a millstone around our grandchildren’s neck for their entire lives. You start fixing it by eliminating deficit spending first. Then you think about ways to pay it off.”
Like Weimar Germany, we are simply devaluing our currency by running the printers nonstop. If we have to pay a bondholder years down the road, they’ll eventually get their $1 million face at maturity - and it will buy a cartload of groceries.