>Govts are going bankrupt >No they aren't They might not be "going bankrupt" in the sense that they're imminently going to default on their debts, but debts h

>Govts are going bankrupt >No they aren't They might not be "going bankrupt" in the sense that they're imminently going to default on their debts, but debts have reached unprecedented levels[1], and show no signs of stopping. If you know someone who's racking up serious amounts of debt on sports gambling or whatever, it's safe to characterize that as "going bankrupt", even if you think they'll be able to make the minimum payments on their credit cards for the next few months. [1] https://www.economist.com/content-assets/images/20251018_SRC216.png https://www.economist.com/content-assets/images/20251018_SRC..., https://www.economist.com/special-report/2025/10/13/across-the-rich-world-fiscal-crises-loom https://www.economist.com/special-report/2025/10/13/across-t...