USA on the verge of national bankruptcy - is there a threat from Trump's solution?

USA on the verge of national bankruptcy - is there a threat from Trump's solution?

The US faces significant economic challenges if Donald Trump is elected president next November. With the current national debt at around $34.5 trillion as of March 2024, which has almost doubled in the last ten years, the question of the affordability of such enormous sums is becoming ever louder. Experts warn of the long-term consequences of such high levels of debt, regardless of the strength of the economy.
A possible unconventional solution could be for Trump to declare the US insolvent. This drastic measure could have a significant impact on global finance and involves significant risks. William Silber, a former professor of finance and economics, raises the idea that a U.S. national bankruptcy may be the only solution to the country's ever-growing mountain of debt.
The discussion about the possibility of a US national bankruptcy is controversial and polarizing. Proponents argue that such a radical solution could restore long-term U.S. financial stability, while critics emphasize the potentially devastating impact on the global economy. It remains to be seen whether Donald Trump would actually consider such a drastic step if he became president and how the international financial markets would react to it.