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Originally posted by AnAbsoluteCreation
What would happen if...
40% of our national debt belongs to China, Japan, Tawian, S. Korea. OVER 7 TRILLION DOLLARS! What would really happen if we decided (or concocted a plan to decieve) not to pay back this debt? Could this be a plan? Would any legal act void this debt? (which increases from interest 2.2 billion a day) like international bankruptsy? Perhaps a transformation of governement? I know we depend on these countries for trading purposes but 2.2 billion a day is too crucial to ignore.