| governments encourage that sort of debt - and then say it was your choice to do it
nevermind the fact at the time you were too naive to know the full ramifications due to your age and life experience.
Mind you they often say the opposite with public debt and call it a deficit but that's just an excuse, much like a surplus is an excuse for underinvesting in infrastructure.
Fact is govts don't care if you're in debt, it means more money ultimately in their pocket and they don't see themselves as public representatives but more of a corporate entity which is why the classical liberals complain about the State and govts don't care if interest rates and the like go up and you end up in poverty because it was your choice.
Nevermind the fact no one bothered to provide you with the education on the subject - say like the government. They're too busy looking after their own self-interests instead of the peoples. |