This question is for people outside of the United States.
I'm curious. What do you think about our national debt?
Do you really think we will be able to pay it back?
And, let's just say that we were unable to pay it back, what would you think about that?
Does any of this worry you?
I know how worried the Europeans are about Greece not paying back its debt, but it is virtually nothing compared to our debt.
What do you think would happen around the world if the United States got to the point where it could no longer afford to even make the interest payment on our debt?
Would it be like the Titanic sinking and then sucking down the rest of the world's economies with it?
In accounting we have something called the Allowance for Doubtful Accounts: "An Allowance for Doubtful Accounts measures receivables recorded but not expected to be collected."
I would say that our debt fits this definition.
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