Most of the creditors are institutions. Like Social Security, Pension Funds, Fortune 500 Treasury departments. These will be here for a really long time.
I’m going to guess Warren Buffet’s descendants will still expect to be paid.
>As of August 2024, Warren Buffett's company Berkshire Hathaway held $234.6 billion in U.S. Treasury bills, or T-bills. This is more than the Federal Reserve's $195 billion in holdings.
Debts don't work that way. When someone owes you money that's an asset. Assets generally transfer on death. The government is the one where if it died the debt would go away. At a certain point that might be the only way out for them.
dh2022|1 year ago
Mistletoe|1 year ago
>As of August 2024, Warren Buffett's company Berkshire Hathaway held $234.6 billion in U.S. Treasury bills, or T-bills. This is more than the Federal Reserve's $195 billion in holdings.
from-nibly|1 year ago