Why can’t a government forgive it’s own internal debt?

Question

Why can’t a government forgive it’s own internal debt?

In: 2

Answer 1

First, a good chunk kof that internal debt is what the government owns to it’s own citizens. So unless every retiree decides to not cash in a SS check

Secondly, the government isn’t so much a monolith as much as a collection of institutions and councils. You can alive this a little bit with some internal shuffling, but it has to be done in such a way that no one is left holding the bag at the end

Third, some of it just interest