Except there are a few really nasty problems.
1) The amount of money that is interest on that tab. It can get to the point where the interest payments alone are greater than our ability to pay.
2) If it becomes perceived that we can not pay our bar tab – we will be cut off. Likewise, our source of borrowing as a country will dry up – we will be forced to live within our means while now having to handle a really big interest bill at the same time.
– an endless bar tab that you don’t have to pay is just a dream.. not going to happen.
