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A comment on More than half of American retailers didn't pay their rent in April and May. Parent comment

Re:More than half of American retailers didn't pay their ren... by refurb on Thursday June 04, 2020 @06:00PM (#23422462)
The debt ceiling had nothing to do with not paying debt, it was caused by not taking on more debt and thus the gov't didn't have the funds to run.
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Re:More than half of American retailers didn't pay their ren... by postingawayonhn on Thursday June 04, 2020 @06:17PM (#23422640)
And a big chunk of the 'funds to run' go to servicing existing debt. This is a big part of why interest rates never substantially increased to pre-GFC levels. Governments would never be able to afford the higher interest rates.
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