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Today I Found Out
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Comments by "" (@badluck5647) on "" video.
@heyyou5189 Most of the debt is not held by foreigner, but by corporations and funds that use treasury bonds as "cash equivalency" due to them being highly liquid (easily convertable to cash). They prefer bonds because they pay a little bit of interest, while cash only loses value due inflation.
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@Wi-Fi-El The government has assets, but we can't just pay off the debt by selling roads to companies who convert them to toll roads. Just look at how little the Greece government had to sell to pay their debt.
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