RE: The Walking Debt and The Starving Child: Welcome to the Upside Down Economics of Kicking the can Down The Road to get High on Assets that Doesn't Exist

[vimukthi]

And during the 2008 crash the governemnt bailed out the banks which were leveraged to death instead of paying off the defaulted debt (which is still a terrible thing on a long term but less of a bad thing is better).