Subject: Re: How Europe wrecked itself
Not a macro-economist, but I suspect we are headed to a default simply because no one can reasonably believe we can meet that debt obligation.

Sigh. You don't need to pay off the entire debt.
You do need to bring deficits under control so that your debt servicing doesn't kick off the death spiral of borrowing more money to pay off the interest on your loans.

And no. There's no solution in the current climate because the democrats refuse to acknowledge the problem. They won't touch entitlements, won't reform the system, nothing.

This board goes right along with it: All the DOGE efforts were met with howls.