Financially ledger is just a social construct; the IOUs of the past are never paid off as they never mattered.

Finance shit just keeps innumerates and those ignorant of physics believing wild end of the universe theories.

For more look up Debt jubilee's; humans wiped the debt of the dead off the books and no black holes opened within the sun, no gods descended from Olympus and slaughtered the children

Fucking mesmerizing how its not just MAGA nutters obsessed with old spoken and written finance traditions; different semantics than religion but same goal of kowtowing the proletariat.

This site helps propagate such paranoias with the tilt it has towards startup funding and yada yada. Smartest engineers I have ever worked with earned PhDs designing experiments for Tevatron and working on NASA satellites. We often had a laugh at how such social hacks dupe so many wannabe smart and educated people.

On the contrary startup genius software engineers are easily duped by social hacks.

Occasionally countries do default on debt. It doesn't go well.

US Treasuries happen to be a significant part of many peoples retirement savings. So I think your hot take is pretty uninformed.