@Tilopa@convo.casa That makes sense, iirc with normal loans you can pay off grandually or all at once, however the latter can come with additional penalties.

I think the one thing in Joe Bidens favour, or at least according to the BBC news, is that if the Debt is defaulted, the blame can't all but put at his door. The GOP are I think obstructing progress on the issue, so could cause the country to have no chouce, The GOP would then try and pin blame on the Democrats, which they may think gives them a chance in 2024, however that could easily backfire on the GOP and help Biden win next year.