Why can’t a government forgive it’s own internal debt?
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The government owes money to the people who loaned it money, likely your retirement account. If the government “forgave” that debt (it’s called a default in the banking world). You would lose money, as would all the other people, and that would make you super mad that the government stole your money. Countries have done that several times, and it makes their people super mad every time.
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