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A comment on Seth Rogen Speaks Truth to Billionaires, Gets Censored for It. Parent comment

Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by shepherdjerred on Thursday April 17, 2025 @12:16AM (#43713073)
Who is going to make America pay when it is dominant?

Alternatively, what is America going to do when nobody respects it anymore?

The US is in a much better position with debt and power than it will be net zero and ostracized

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Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by whamlastxmas on Thursday April 17, 2025 @03:56AM (#43714171)
If American defaults on its debt it would absolutely destroy the economy. This is a really weird take
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Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by mindslight on Thursday April 17, 2025 @10:57AM (#43717875)
Yes, a default on the debt would be a terrible thing. Most American debt is denominated in USD. The US is monetarily sovereign, meaning it can always create more USD at will. This means that the US can only default on its debt voluntarily, which is exactly the type of economic catastrophe that Trump is doing his best to cause.
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Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by shepherdjerred on Thursday April 17, 2025 @02:59PM (#43720806)
I'm not saying the US should default on the debt, just that it never, in practice, actually has to pay it back.
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