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    federal debt

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    What's wrong with the following statement? One important reason why we can't pay off the $5 trillion federal debt is that most of that debt is held as wealth by American households, so paying it off would reduce the wealth of American households by trillions of dollars.

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    https://brainmass.com/economics/international-economics/federal-debt-statement-importance-144056

    Solution Summary

    The expert examines federal debt statement importance. The debt wealth by American householders is determined.

    $2.19