Should the federal government repudiate its debt? Suppose a party ran on a platform of repudiating the debt if they win and run the government. Does that mean they will also repudiate medicare, medicaid, social security, and prescription drug benefits too? Those are far larger in size than the national debt. Why single out the national debt? Clearly, the votes against these will exceed the votes for them. This means that there are many, many people who want the debt cum programs. They want big government. (National debt is 10 trillion, while medicare and the rest come to about 60-100 … Continue reading Panarchist’s answer to national debt repudiation