It’s more than that. This level of debt simply isn’t actually that big of a problem (to a nation run by responsible adults).
America is proportionately at roughly the current level of debt as it was at the end of WW2, which sounds pretty fucking bad but is hardly a death knell and honestly kind of expected when you’ve been fighting a forever war on credit.
The problem is actually that the oligarchy has offloaded the burden of paying for it to the peasants and there’s literally no hope of that changing without a revolution.
Tl;Dr it’d be relatively easy to pay off the debt, if Boomer Americans grew the fuck up and paid for it the way their parents did instead of making it everyone else’s problem.
It’s more than that. This level of debt simply isn’t actually that big of a problem (to a nation run by responsible adults).
America is proportionately at roughly the current level of debt as it was at the end of WW2, which sounds pretty fucking bad but is hardly a death knell and honestly kind of expected when you’ve been fighting a forever war on credit.
The problem is actually that the oligarchy has offloaded the burden of paying for it to the peasants and there’s literally no hope of that changing without a revolution.
Tl;Dr it’d be relatively easy to pay off the debt, if Boomer Americans grew the fuck up and paid for it the way their parents did instead of making it everyone else’s problem.