The political issue is probably that all those big funds are operated by powerful special interests. That must create a pretty strong headwind. Otherwise, it seems like a political no-brainer.

Undisciplined

shado_op

econ

deleted by author

> what may 'save' the US from it's gov debt issues is the fact that it may be worse elsewhere!

That always seems to be what bails us out.

There are two approaches I anticipate if things get dire, not in any particular order:
1. Selective defaults under geopolitical pretenses, i.e. not paying China back
2. Financial regulations requiring large pension and university funds to hold a share of treasuries.