Yes, you borrowed the money, you should pay it back.
There could be extenuating circumstances. Catastrophic medical is probably one exception I see, maybe. Being stupid (living beyond your means, as one example) is not.
The U.S. does not have a moral obligation to forgive other countries' debts. However, if that tactic is used as an incentive that gives us something of value, then I'm ok with it.
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