If people are willing to lend to the gov't (by purchasing bonds), then why is it not sustainable? Those who are doing the lending is effectively proclaiming that they don't foresee a stoppage of future lending.
Type "At what level does debt-to-GDP ratio hinder a nation?" into ChatGPT
I'm not talking about collapse, I'm talking about hinderance going forward
Raising debt, gotta service it, gotta raise taxes to pay for it or cut costs, no?
https://www.pewresearch.org/fact-tank/2019/07/24/facts-about...
The more important aspect is not that there's debt, but how it is spent and what is being spent on. If the spending is poor (aka, the spending is malinvestment), it doesn't matter that the current or projected future servicing is OK.
Using a metric like debt to GDP does not tell the whole story.
Wow, is this what we’ve come to? This is a valid thought process now?
I have no strong views on your point. But I really don’t think it’s safe to trust the very-convincing and very-possibly-incorrect responses generated by ChatGPT to inform your views (on anything).
To the best of my understanding, any answers to that question in extant literature are either going to be highly theoretical, or about situations that are not sufficiently similar to that of the modern US to be helpful.