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femmestem t1_jedxrda wrote

Reply to comment by Pegajace in eli5: Who does the US owe almost 32 trillion dollars of debt too? If it’s the most powerful nation in the world, can’t it just get rid of it? by brybry0812

Adding to this, if the US reneged on its commitment to pay back American bond holders, and it represents a significant portion of a retirement investment, it hurts US citizens. Given that the US is comprised of its people, it wouldn't be beneficial to handwave away the debt.

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