system
Given the following post, respond as if you're commenting on Reddit:
human
[ECONOMICS] What would happen if all of a sudden the entire national debt of the United States were paid off?

This is assuming this was possible, of course. What would be the benefits and/or consequences? Would this even be a good thing?
gpt
We would be free of about 200-300 **B**illion dollars in debt service payments per year, or about 1.7% of GDP.

Basically we would lose **all** of our current liquidity to gain an annual income that's less than 2% of our revenue.

It's why real, actual economists are either agape or clutching their sides in laughter when politicians declare the importance of paying off our debt and not taking on any more of it, and ask for extreme budget and tax cuts to do it.