Time for a thought experiment.

[Johnyawl]

7. I hate to burst your little bubble...

...but you don't seem to know much about the US Debt

In the first place this is just dead wrong: The Chinese, Japanese, Koreans and other major Asian countries hold gargantuan amounts of US debt.

No, they do not: http://www.factcheck.org/2013/11/who-holds-our-debt/

The Chinese hold about 8%, the Japanese hold 7% and no other Asian country (including Korea) holds enough to register as a separate entity. All other foreign governments hold 19% (mostly European and middle eastern oil money). And while the 8% owed to China and the 7% owed to Japan are significant amounts, it hardly qualifies as "gargantuan".

Our own Federal Government holds about 40% of the national Debt. (SSTF 16%; Federal Reserve 12%; "other" Federal Government (retirement funds mostly) 13%;

"others" hold 17%. This is mostly the oligarchy in the form of banks, investment firms and trust funds.