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

Because that would mean robbing everybody who lent the government money. Much of the government’s debt is in the form of Treasury Bonds where someone lends the government money and expects a return. It’s actually a good investment so long as the government is stable.

But if the government just made those bonds disappear then nobody would lend the government money ever again.