alt Hacker News>The country is at risk of a debt spiral.
The US owes US dollars and can also issue US dollars. There are complications but it's not like you run up a credit card and can't pay.
Replies
TaurenHunter • 04/03/2025
Yes, but if they let get into a debt spiral, the only solution becomes devaluation of the dollar to the point of hyperinflation. Only then debt is reduced, but it would be terrible for everybody except a few.
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Well the good news is that there are multiple plausible paths forward.
The bad news is that they're all terrible.