I just don\'t understand public debt!
Why can't we just stop paying the debt (currently like $8 trillion, 67% of GDP)? Would somebody declare war on us or would the government just spontaneously implode? Will the debt EVER be paid off, like in the lifetime of the USA? Can the debt holders demand for all $8 trillion in debt to be called in? What happens if they do that and we don't have the money?
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