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by brazzy 4958 days ago
Easier than anyone else, I'd say.

"Hi Everyone, POTUS here. About those treasury bonds a lot of you are holding... we're not going to pay interest on them. Or pay back the princiapl. Ever. On a totally unrelated note, here are some pictures of our 11 carrier strike groups. Impressive, aren't they?"
2 comments
TDL 4957 days ago
Argentina is a serial defaulter yet investors still lend money to the government there.

If the U.S. decided to completely default on it's debt it would be more destructive to the U.S. economy since the majority of the debt is held by U.S. citizens & institutions. Insurance companies & banks would collapse instantly since the a very large percent of their asset bases would be wiped out.

We (meaning U.S. citizens) owe more to ourselves than to any foreign entity. Default is, at least right now, a political non-starter.

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dripton 4957 days ago
"Hey, POTUS, you got us. BTW, we'll never lend you money again. Or vote for your party again."

The US would never need to default on its debt, since its debt is in USD. Worst case, it would just print more money, leading to inflation.

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