On Tue, 02 Dec 2003 20:13:15 +0000, NOYB wrote:

If I take out a balloon note from bank A that expires in 5 years, and then
take out a note from bank B to pay off that note...and then get another
note from bank C five years later...and so on, and so on...the bill never
comes due. The problem is, a bank is eventually going to tell me they're
no longer going to lend to me, and the game ends. Well, that doesn't
happen to the gov't.

Of course it does. The government isn't exempt from the laws of
economics. If it were, we never would have heard the term inflation.
Deficit spending is an important tool to fight wars and combat recessions,
as we are doing now, but it is not without risk.