4 ms·
It’s like saying you can pay off someone’s mortgage to keep them house by paying off their $1,000 mortgage bill for the month. That’s not the end of their debt
by ncallaway 5y ago
It’s like saying you can pay off someone’s mortgage to keep them house by paying off their $1,000 mortgage bill for the month.
That’s not the end of their debt obligations, just the first one to come due that they’re not able to pay. There are many more debt obligations behind this one, so paying off this obligation just kicks the can a few days down the road.
To pay off all the debt obligations, would likely be billions of dollars.