The reason being that they get more and more expensive the longer they take to pay back. That's the clever part. States would probably rather just use other mon

The reason being that they get more and more expensive the longer they take to pay back. That's the clever part. States would probably rather just use other money to kill the loans faster. Remember the interest compounds over time. Looks like you would have been tricked just like the states were. :( These are worth so little now because the forecasts have these ballooning to almost impossible amounts for the states to ever pay back. This is more an example of everyone loses.... except the market makers who still got their fees and the hedge funds that have some bargain basement assets to run through their algorithms.