I dunno. We’ll see. We are a massive country. We could write off our whole national debt if we wanted to and deemed it so. A lot of this crap is imaginary. National debt is actually the national money supply, so we’re not really talking about debt debt. The question, to me is, where did the 10 trillion dollars they created go? How many times did it circulate? What is its velocity? Where is it now?
Lets hope that you are right.
However, the debt is so astronomically huge and it doesn’t include liabilities like future Medicare, Medicaid, Social Security, etc. People have to be working and paying taxes and increasing the GDP to have an impact. Printing more money works too I guess — it devalues the debt — but at the expense of the middle class.