Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?
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Answer :

answer:No biggie. We just nationalize all our assets and renege on all our debts Poof! All gone.
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