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?
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United States debt is one of the most sure bets in the world. If you buy US bonds, you’re sure to get whatever you were promised when you loaned the money, without currency manipulation designed to make you lose. The certainess of being paid back is part of what makes the US the most powerful nation. Of course if you want to start a world war and a civil war at the same time, you can say we’re not paying anybody back.
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