The two reasons as to why bankruptcy is a false concern in
regards to the public debt are the following;
<span>·
</span>Taxation – this is a charge in which the
government provides in order to meet and fund expenditures or projects needed
to be done in the public.
<span>·
</span>Refinancing – It is a way of having to have
another debt in which the existing debt that an individual has is being
replaced.
