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The repayment of the debt for each year is usually by law a required set aside in budgeting before the rest of the revenue can be allocated. If there is less an
by lr4444lr 6y ago
The repayment of the debt for each year is usually by law a required set aside in budgeting before the rest of the revenue can be allocated. If there is less and less left for annual operation costs because we keep increasing our debt reliance, that will hurt people who rely on public services. If the laws are changed to make timely repayment on these bonds and treasuries optional, that will affect their credit rating, and the cost of borrowing, which means we have to pay more each year to get the same debt financing. It's not a good place to be.