War Debt was the political football which the North and South kicked around for years following the Civil war. While it's arguable not accurate, what is accurate is the citizens of the insurrection states who financed succession paid a huge financial burden. So while I would say your buddy was mostly wrong, I could see how such a claim might be justified. Furthermore as the former confederate states were reincorporated into the Union, they did participate in paying for the Unions debt, as it took 30+ years for the Union to pay down their debt and all that time former Confederate states were contributing to the federal income. Also of course the Union refused to cover any of the former CSA's war debt all of which were significant hits to the former Confederate States and the citizens in those states who financed the insurection. The Union further refused to pay reparations for slaves freed. The Union did refuse to assist the Confederate States with their war debt. To give your buddy the benefit of the doubt. The Unions debt, largely held by northerners took more than 30 years to entirely repay and the South re-incorporated in the Union did pay a proportion of that debt as part of the newly reunified United States. The CSA debt/burden was larger than the Unions, and mostly held by southerners was not assumed by the North.
While their was no blanket push to saddle the South with the Unions war debt that could be an interpretation of what happened.
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