it is very simple, the government passes a law suspending borrowing, suspending spending increases and no paying interest until the debt is wiped off. a couple of years of that and the debt would be in a free fall. Who do we really owe the money to? and what can they do about it.
Or also say that debt holders will get a 50% haircut
it is very simple, the government passes a law suspending borrowing, suspending spending increases and no paying interest until the debt is wiped off. a couple of years of that and the debt would be in a free fall. Who do we really owe the money to? and what can they do about it.
Or also say that debt holders will get a 50% haircut