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— A few hundred miles north of here, politicians are fighting over debt.
However, they do need to continue rolling over debt as well as pay for new deficits.
"They can roll over debt if they need to," he said.
China's Xinhua news agency labelled US domestic politicians "dangerously irresponsible" for wrangling over debt.
Late last year, Korea Exchange and other creditors agreed to roll over debt payments.
The covenant may not be able truly to prevent rolling over debt.
At the same time, he forced Greek banks and pension funds to keep rolling over debt.
If you convince the market TBTF is over, debt spreads will go up for large institutions.
That deprives it of money for classic pump-priming activities like infrastructure development, or helping corporations roll over debt.
This may be down to the willingness of fixed-income investors to roll over debt, which solves the refinancing problems of the corporate sector.
"Washington hassles over debt ceilings instead of job creation in the mistaken belief that a balanced budget will produce a balanced economy.
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