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The aim of both rule types is to prevent debt traps, in which borrowers get stuck in a devolving cycle of more borrowing to pay off debt.
"You're borrowing to pay for borrowed money.
As it is, we're just borrowing to pay for most of it.
In the meantime, the government is borrowing to pay its operating expenses".
One fiscal expert described it as something of a Rube Goldberg mechanism: borrowing to pay off borrowing to pay off a fiscal crisis brought about by borrowing.
So far, at least the city is not borrowing to pay its day-to-day bills.
Borrowing to pay for operating expenses is a practice that is generally frowned upon.
Families will still have the option of borrowing to pay their share of the bill.
A growing number are borrowing to pay for vacations, furniture, even plastic surgery.
So some states are essentially borrowing to pay their operating costs, adding new debts that are not always clearly disclosed.
The most populous country in Africa is also $63bn in debt and borrowing to pay government workers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com