>So... does this just go up indefinitely without consequence? Oh for sure. history has many examples. Greece and Venezuela are your more recent ones. Basically

>So... does this just go up indefinitely without consequence? Oh for sure. history has many examples. Greece and Venezuela are your more recent ones. Basically it goes up until the bankers and funds no longer want your debt. THEN the consequences happen. when the government debt to gdp reaches above 100%, like too many countries have, then credit ratings start dropping. Absolutely nothing will get in your way to pump that up to 200%. The lenders don't care if you're making a terrible decision or not; just whether or not you keep paying. At around 200% is when you struggle to keep paying and your credit rating shifts to junk and nobody wants your debt anymore.