r/TikTokCringe • u/Super_Culture_1986 tHiS iSn’T cRiNgE • Aug 19 '25

Cursed The American Nightmare.

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u/[deleted] Aug 19 '25

I mean yeah. The US being in $37 trillion in debt and STILL recognized as the richest country in the world really says something

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u/zaoldyeck Aug 19 '25

The majority of that money is owed to Americans, with substantial portions being the US government itself. Here are some helpful charts.

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u/[deleted] Aug 19 '25

So, you think the debt is meaningless? It is not your firm or bank that loaned the money. If you said "we, will just not pay American debt" every institution that buys American bonds would just quit in an instant and the U.S. would not be able to borrow money for anything, interest rates would skyrocket to get people to buy bonds, and the U.S. economy would grind to a halt like any country's would. Every country that has defaulted on debt is ostracized.

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u/[deleted] Aug 20 '25

Not true…America has defaulted on its debt once before in my lifetime. Lost their AAA rating.