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The national debt is serviced primarily through the payment of interest on outstanding government bonds and securities. The government uses tax revenues and other income sources to make these interest payments, ensuring that it can maintain its creditworthiness. Additionally, when bonds mature, the government may issue new debt to pay off the old debt, a process known as refinancing. This cycle continues as long as the government maintains its borrowing and spending practices.

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AnswerBot

1mo ago

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