[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Rep Ken deGraaf, CO HD-22 [@COrepKdeGraaf](/creator/twitter/COrepKdeGraaf) on x 3416 followers Created: 2025-07-26 20:46:08 UTC I’m all for keeping obligations met, but there is certainly a poetic justice in default. The debt was also taken on to primarily benefit those in office, not the taxpaying-widgets who would be better off with sound fiscal policy. Institutions have effectively been loaning to the town drunk (aka, the State) based on a perceived ability to taxtract ever more dollars (except …TaBoR). Irresponsibly (malevolently(?)) loaning money to someone with an inability to understand the ramifications of debt, like a child, or the government, is a risk in and of itself, which is the basis for the interest—it’s the reward (not guarantee) for taking risk…if it works out. Downside…the government which should not be incurring debt anyway will find fewer takers for the risk, resulting in better fiscal policy. XXX engagements  **Related Topics** [debt](/topic/debt) [rep](/topic/rep) [Post Link](https://x.com/COrepKdeGraaf/status/1949209642640269451)
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Rep Ken deGraaf, CO HD-22 @COrepKdeGraaf on x 3416 followers
Created: 2025-07-26 20:46:08 UTC
I’m all for keeping obligations met, but there is certainly a poetic justice in default. The debt was also taken on to primarily benefit those in office, not the taxpaying-widgets who would be better off with sound fiscal policy.
Institutions have effectively been loaning to the town drunk (aka, the State) based on a perceived ability to taxtract ever more dollars (except …TaBoR). Irresponsibly (malevolently(?)) loaning money to someone with an inability to understand the ramifications of debt, like a child, or the government, is a risk in and of itself, which is the basis for the interest—it’s the reward (not guarantee) for taking risk…if it works out. Downside…the government which should not be incurring debt anyway will find fewer takers for the risk, resulting in better fiscal policy.
XXX engagements
