WBTM on Nostr: Governments keep borrowing to cover deficits, like paying off a $50k credit card with ...

Governments keep borrowing to cover deficits, like paying off a $50k credit card with a new $100k one, then another for $200k. Eventually, trust erodes, and interest payments become overwhelming. #DebtSpiral #FiscalIrresponsibility . https://youtu.be/v_9OxWcQmJ4?si=wBwvqnFMdhLdW3XK