Comments by "Chess Dad" (@chessdad182) on "Ryan: Reasonable Chance of a Debt Crisis" video.

  1. 35T in government debt is 35T in assets for non-government. To eliminate government debt, need to take 35T from others. Would create a depression. Review the history of balanced budgets by US government and the corresponding recessions/depressions that occurred in US history.
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  2. Or 35T in assets held by others including the private sector. In order to reduce it to zero, you would need to remove 35T in assets from others.
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