You say blindingly fancy words. I say important difference. You say basic fact. I say oversimplification. We can argue about the semantics of the word "broke"

You say blindingly fancy words. I say important difference. You say basic fact. I say oversimplification. We can argue about the semantics of the word "broke", but the difference here is between losing all your money vs. having to take out a loan now that you're pretty much guaranteed to be able to repay when your bonds mature and only losing the interest payments on that loan.