You mean the federal debt. The federal deficit is funded by the federal debt. [1]
If the federal debt were fully paid back, would any money be destroyed? Wouldn't it just go from taxpayers to bond holders?
1. https://fiscaldata.treasury.gov/americas-finance-guide/natio...
You mean the federal debt. The federal deficit is funded by the federal debt. [1]
If the federal debt were fully paid back, would any money be destroyed? Wouldn't it just go from taxpayers to bond holders?
1. https://fiscaldata.treasury.gov/americas-finance-guide/natio...