It’s funny how we forget sometimes about the looming national debt. It is rapidly approaching 100% of GDP (Gross Domestic Product, or in other words, everything that the U.S. produces). For some comparison, the U.S. reached 120% of the GDP during the Great depression/WWII era and has not come close to that level until now. What are the consequences of a debt you cannot repay? It’s not complicated.  What happens if you lend Billy $1 and he doesn’t repay you? You don’t lend money to Billy anymore.  Poor, poor Billy. Some can’t help but learn the hard way…