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by throw0101b 998 days ago
> I've talked about this before, but the US debt feels to me mostly like an accounting mechanism.

It is and a lot of people forget that it's a ledger: every debit/liability that is part of the US debt is a credit on someone else's account. And about two-third of the US debt is held domestically:

* https://www.pgpf.org/blog/2023/05/the-federal-government-has...