this post was submitted on 31 Oct 2024
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Explain Like I'm Five
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It's important to note that most of the money borrowed by the US govt is in the form of bonds to its own citizens, and the interest paid is to those citizens.
The OP is talking about the UK though.
Good point and I missed that in the original post.
It does appear to be a similar situation with the UK though, only with pensions and other funds.