Mutsumi said:
How can they get so deeply in debt? It is stupid, they should have had people checking the numbers, telling them "STOP SPENDING, WE'VE RUN OUT OF MONEY". Their own fault.
You talking about western governments there Mutsu? No business ever folded with zero debt, that's not the way things work. A business / govt / individual thinks "financial situation isn't great, I'll borrow some money to tide us over until things pick up, or to invest in something which will hopefully pay off". Then it doesn't, and they are left with even more debt. If they can, they'll probably keep repeating that scenario until no-one will lend them any more money. Once you're in that hole you might as well keep digging - The worst that can happen these days is bankruptcy, and the money you're borrowing has been conjoured into existence on a computer screen anyway.