instead of regurgitating neoliberal myths that perpetuate the US hegemony.
One way to do this is to point out what would happen if someone “called our debts.” Let’s say the US actually owes this money to various investors. Americans are going to have much worse problems before this happens, if it were to happen. Nobody cashes out unless they think the country is collapsing. And not in the “Oh no a recession that makes 2008 look like the 1950s!” but in the “People are being disappear’d and there’s gunfights between militia groups over water,” type of collapse.
At which point, whatever the debt is doesn’t matter because it would be the end of the US federal government. People would only call those debts because they know they aren’t going to get a return on their investment. USD will be worth fuck-all.
Regardless, it’s mostly money the US government owes itself. And decision makers are aware the debt doesn’t actually need to be paid back. The whole thing is a sham made up to justify austerity and imperialism.
One way to do this is to point out what would happen if someone “called our debts.” Let’s say the US actually owes this money to various investors. Americans are going to have much worse problems before this happens, if it were to happen. Nobody cashes out unless they think the country is collapsing. And not in the “Oh no a recession that makes 2008 look like the 1950s!” but in the “People are being disappear’d and there’s gunfights between militia groups over water,” type of collapse.
At which point, whatever the debt is doesn’t matter because it would be the end of the US federal government. People would only call those debts because they know they aren’t going to get a return on their investment. USD will be worth fuck-all.
Regardless, it’s mostly money the US government owes itself. And decision makers are aware the debt doesn’t actually need to be paid back. The whole thing is a sham made up to justify austerity and imperialism.