Having that debt played a big part in the US gaining the soft power that it used to have. Long term I’m not sure we’d even want to eliminate that debt but maybe target to keep it near the inflation rate.
Basically “if you owe the bank a dollar you have a problem. If you owe the bank a billion dollars the bank has a problem” but extended out to international scale. If your roi depended on the US being sound and successful you’ll take steps to ensure that outcome.
Having that debt played a big part in the US gaining the soft power that it used to have. Long term I’m not sure we’d even want to eliminate that debt but maybe target to keep it near the inflation rate.
Basically “if you owe the bank a dollar you have a problem. If you owe the bank a billion dollars the bank has a problem” but extended out to international scale. If your roi depended on the US being sound and successful you’ll take steps to ensure that outcome.