“Although a default could have disastrous impacts on the economy, Edelberg said she was not very confident that lawmakers would reach a resolution on the debt limit soon.”
Follow
"National debt" is not a real debt as explained by #ModernMonetaryTheory , check Stephanie Kelton's book "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" for an introduction.
Also Cory Doctorow ( @pluralistic ) wrote some articles on it.
