Most of the U. S. national debt is owed to . Thus a rising national debt implies that there will be a future redistribution of income and wealth in favor of .

The correct answer is other U.S. citizens; bondholders

Explanation:

In the United States, there are two visions about debt and how to act to reduce it. The first is the liberal democratic vision that believes that debt is a long-term problem and is not an issue that must be addressed immediately, so they make policies to reduce their debt based on tax increases to the population and companies so that there is an increase in government revenues, and thus finance the debt gradually. On the other hand, the Republican conservative view is different because they argue that debt is an immediate threat to the American economy and the problem must be addressed as quickly as possible. According to Republicans, the most effective way to reduce debt is to reduce government spending through budget cuts and social programs to obtain a budget balance in the government. This debate has been going on for years and can be seen in the policies of each president of the United States and its relation to the country's debt.