That's people's pensions and bank operating capital and so on. People tend to ge... | Hacker News

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		pjc50 5 months ago \| parent \| context \| favorite \| on: US hits $38T in debt. Fastest accumulation of $1T ... That's people's pensions and bank operating capital and so on. People tend to get upset if you zero out their 401k. "We", meaning the people and organizations, is not the same entity as "we" meaning the government.

amluto 5 months ago [–]

Forget everyone’s 401(k). Canceling the US debt would wipe out very large fractions of most businesses’ and individuals’ operating capital.

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