If no foreign residents owned any of the U.S. public debt, then it wou

If no foreign residents owned any of the U.S. public debt, then it would be true that

A) U.S. residents would essentially owe the public debt to themselves.
B) there would be no distributional consequences associates with he public debt.
C) there would be no interest payments on the public debt.
D) the public debt would naturally disappear over time.

ANSWER

A