What would happen if the government erased all debts that it accrued? | Homework.Study.com (2024)

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• What would happen if US public (national) debt disappeared?
• What will happen if the United States defaults on the public (national) debt?
• What would happen if the U.S. federal government declared that all the foreign-held treasury securities it owes (the public/national debt) as null-and-void?
• What will happen if a nation is unable to pay its external debt?
• What would happen if the U.S. actually paid off the national debt? Where would the banks, big financial institutions, and government foreign and domestic put their cash?
• What would have happened if the US had paid off its debt after expanding the budget surpluses of the '90s?
• What would happen to the banks and financial institutions if we all got together and refused to pay our debts?
• What would happen if all student loan debt in the United States was immediately canceled?
• What would happen if every nation forgave each other s debt?
• What would really happen if the US decided to default on the national debt? Who collects all this interest?
• Is UK government debt unsustainable? What would happen if it was not brought down?
• What would happen if the government finances the deficit by issuing bonds What amount will it issue if the budget was balanced and they spent $15 billion but only raised $10 billion in taxes
• a) What would happen to the monetary base if the U.S. Treasury collected $4 billion in taxes and deposited in its account at the Fed, and the Fed bought $2.5 billion in government securities? b) Why
• What would likely happen to taxes collected by the government in the short run? In the long run?
• How do government debts work?
• What happens if you leave the US and default on private and student debt?
• What happens practically when a person recovers from insolvency? Is he liable to pay his debts accrued before insolvency?
• What will happen if someone doesn't pay their credit card bills in India?
• If I had enough funds to bail out the US from all of its debts, what would happen and who would the money go to?
• What will happen if Pakistan's external debt and liabilities soar more than $100 billion, and if Pakistan is not able to repay?
• What happens to the money supply if the deficit is financed by selling bonds to the general public?
• What are the consequences for a nation if its credit rating is downgraded?
• What would have happened to the economy had the government not bailed out the big banks after the market crash of 2008?
• What happened to the toxic assets, which were purchased by the Federal Reserve for bailing out financial institutions in 2009?
• What would have happened if the government just fulfilled its promise to guarantee the loans and not the banks during the crisis in 2008?
• What happens when a bond on the Fed's balance sheet matures in default? Is it written off as a bad debt?
• If every country is in debt, where did all the money go?
• What happens to the citizens when a state becomes insolvent by bank guarantees?
• What would happen if someone were to take a huge loan from a bank and use the money to travel abroad and disappear? Explain briefly.
• What is debt slavery or debt bondage and how should it be dealt with?
• Have any governments in history ever paid back the entirety of their outstanding public debts? Which ones?
• What can I do when I am broke, unemployed and full of debts?
• Do governments ever pay back their debts? And are there debt-free governments in the world?
• What happens to my shares in RCom if it goes bankrupt?
• In the 2008 Great Recession, what would have happened if American adult citizens had each been given $100,000 instead of financial institutions being bailed out?
• What happens if a company has more debtors than its creditors?
• What will happen if everyone withdraw there money from the bank?
• What would happen if religious institutions lost their tax-exempt status in the United States?
• What would be the end result if the debt of the U.S. government continues to increase at the current pace?
• Why do all governments have debt?
• Has a country ever conquered a creditor to avoid repaying a debt?
• How do you think the bond market would react if the credit agencies said there was an increased risk of default with U.S. debt? Has this happened recently?
• Sovereign debt is debt issued by national governments. (True/false)
• Why does every country in the world have debts? How does no country have a surplus? Where did all this debt originate?
• In the 2008 recession, if we had allowed the banks to fail, then what would have actually happened?
• What is the difference between debt and deficit?
• What would happen if someone was able to successfully collapse the financial derivatives market or put an end to it?
• What should we do when bad debts and bad debts provision are both given in trial balance?
• What is the effect of a country lowering its external debt?
• Why doesn't the US government erase the debts of people who die? Why do they still bill the deceased family for the debt?
• What would happen if a number of shareholders of a public company (and listed) reduces below 7 and the company gets insolvent (As per Indian rules)?
• Should imports to the United States be curtailed by, say, 20%, to eliminate our trade deficit? What might happen if this were done?
• Reliance Communications has filed for insolvency. What will happen to the shareholders?
• What happens to the mortgages of home owners when they receive a "bad loan"? Did people lose their homes because of debt or the lack of an agreement?
• When it is a means of paying for goods and services and discharging debts, money is referred to as what?
• What will happen to my existing shares if the bank initiates insolvency against a company?
• What would happen to the standard of living if financial institutions did not exist? Why?
• What is the difference between public debt, gross government debt, and net government debt?
• Who ends up paying public debts? The government, state-owned enterprises, or the people?
• a) What is debt securitization? b) What are covered bonds?
• What are the causes of increasing government debt?
• Why are so many governments in debt?
• How is consumer debt different today than in the past?
• What would happen to the US economy if middle class Americans only spend their money on essentials, and save their discretionary income in credit unions?
• What is a collateralized debt obligation and what effect did they have on the credit crunch?
• What is the difference between sovereign debt and external debt?
• How does "wiping out" a nation's debt work?
• What if governments print money in secret to pay off parts of a country's debt until the debt is fully paid?
• Why do governments without debt issue bonds?
• When it is a means of paying for goods and services and discharging debts, money is referred to as a what?
• Economists say that the world is under a debt of $49 trillion. How is this possible? Where did the money go?
• Why does it appear at times that the national debt of the US is not taken seriously by politicians?
• What is a "provision for discount on creditors"? Why is it made?
• What is likely to happen if the Pakistan government fails to pay back the China-Pakistan Economic Corridor (CPEC) debt to China? How will that affect India?
• What would happen to the U.S. standard of living if people lost faith in the safety of the financial institutions? Explain.
• What will you do with your assets if the debt markets collapse that lead to another financial crisis?
• What is the correlation between government debt and public debt?
• Why is debt considered bad when individuals or private businesses accumulate debt, but when the government goes further into debt, people justify the government's debt?
• How would the recent "credit crunch" in the US have been resolved without intervention from the government and Federal Reserve?
• How much of our tax money goes to paying off government debt?
• Why there is no "Luxembourgh government-debt crisis"?
• The world debt is estimated to be $190 trillion. Who are the creditors, and why do they not allow forgiveness of debt?
• When, where, and why did the Debt Crisis start?
• The debt problem in the US is bubbling progressively in three different sectors: the Federal Government, the corporation, and the consumer. How are we going to address these issues before they destroy
• What if I owe a debt, and I can pay it in full, but the creditor affords me no avenue to pay it?
• What would happen to a country if it converted all of its currency to Bitcoins?
• What US government assets would be most vulnerable to seizure by creditors if it went into default?
• Explain collateralized debt obligations (CDOs).
• When a country ran a deficit in its balance of payments under the Bretton Woods system, how was that deficit resolved?
• What is true of the cost of debt?
• If every person in the US donated their entire paycheck to the federal government, how long would it take to pay off the current $14 trillion national debt?
• If funds for clearing debts are not enough is it wiser to pay off fully some creditors and keep others waiting or pay every one partially?
• Because a national government cannot go bankrupt, it is safe to lend to a foreign government. True False Explain.
• Do we post the ledger account for insolvent debtors?
• Upon the debtor's default, what rights does the creditor have to the collateral? Explain.
• How do debt collection agencies deal with accounts when the person owing is dead?
• What would happen to the U.S. standard of living if people lost faith in the safety of the financial institutions?
• What is Debt Bondage and how does it exist in various parts of the world?
• What effects might the devaluation of a nation's currency have (a) on its business firms (b) on its consumers (c) on the debts it owes to other nations.
• What is the Debt Recovery Tribunal in India? How does it work?