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9 months agoBond sales are only politically connected to the budget; not financially. Not selling bonds would in no way hinder congress from passing a budget.


Bond sales are only politically connected to the budget; not financially. Not selling bonds would in no way hinder congress from passing a budget.
The “debt” of a monetarily sovereign state is really nothing like the debt of a household or business. The US could pay off all its debt in an instant by an act of Congress. Not saying that would be a good thing, but there are no financial constraints stopping Congress from doing that; only political ones.