Originally Posted by
bababouey
I have a long career left. The weakening of the dollar and our debt situation concerns me more than our individual airlines. I believed for a long time that as long as other countries bought our debt, we’d be ok. I’m really not so sure anymore. It’s depressing and there are good arguments on both sides, but I feel like the walls are closing in.
We could pay off our national "debt" tomorrow if we decided to. However, that would be catastrophic for the dollar. Also, we do not depend on foreign nations to purchase debt. The Fed is the largest holder of treasuries, and it also creates the currency. I wouldn't lose any sleep over it.